Randall Corporation is trying to decide whether to lease or purchase a piece of equipment needed for the next 5 years. The equipment would cost $115,000 to purchase, and maintenance costs would be $25,000 per year. After 5 years, Randall estimates it could sell the equipment for $45,000. If Randall leases the equipment, it would pay $45,000 each year, which would include all maintenance costs. If Randall's cost of capital is 12\%, Randall should: (Future Value of \$1. Present Value of \$1. Future Value Annuity of \$1. Present Value Annuity of \$1) Note: Use the appropriate factor from the PV tables. Multiple Choice lease the equipment, as the net present value of the cost is about $17,000 less. buy the equipment, as the net present value of the cost is about $17,000 less. lease the equipment, as the net present value of the cost is about $45,000 less. buy the equipment, as the net present value of the cost is about $45,000 less