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Question 4 A firm can lease a truck for 4 years at a cost of $30,000 annually. It can instead buy a truck at a
Question 4
A firm can lease a truck for 4 years at a cost of $30,000 annually. It can instead buy a truck at a cost of $80,000, with annual maintenance expenses of $10,000. The truck will be sold at the end of 4 years for $20,000. Which is the better option if the discount rate is 10%? (Please solve with EAA)
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