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Question 12 (1 point) A company is deciding whether to lease or buy new equipment. The equipment can be purchased for $60,000. If purchased, maintenance

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Question 12 (1 point) A company is deciding whether to lease or buy new equipment. The equipment can be purchased for $60,000. If purchased, maintenance costs are expected to be $9,750 at the end of year 8 . Cost of debt is 15%, Tax is 37%, and CCA rate is 24%. Calculate the PV of Maintenance. Round the PV of Maintenance to 2 decimals (e.g 22.05), and the unit is $. Your Answer: Answer units

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