Question is underlined. Thank you.

A land development company is considering the purchase of earth moving equipment. This equipment will have an estimated first cost of $ 172,000 , a salvage Value of $80, 000, a life of 10 years, a maintenance cost of $ 34,000 per year, and an operating cost of $220 per day . Alternatively , the Company can rent the necessary equipment for # 1060 per day and hire a driver at $180 per day When approached to rent for the breakeven number of days , the equipment owner indicated that the Minimum rental is for 100 days. per year . What is the daily rental cast to justify renting over purchasing ? If the equipment was purchased, assume it would be used for the breakeven number of days