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QUESTION 24 A firm can lease a truck for 4 years at a cost of $38,000 annually. The lease includes maintenance. The firm can instead

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QUESTION 24 A firm can lease a truck for 4 years at a cost of $38,000 annually. The lease includes maintenance. The firm can instead buy a truck at a cost of $88,000, with annual maintenance expenses of $18,000. The truck has no salvage value at the end of 4 years. What is the equivalent annual cost of buying and maintaining the truck if the discount rate is 10% Round your answer to the nearest dollar and report it without the $ symbol

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