Roofing Company wants to purchase equipment costing $275,000 today. It is expected that Roofing Company would lease out this equipment for the next 5 years. Roofing Company would get paid $75,000 each year with the first payment being made at the beginning of the lease period. The coupon rate is 7%. Requirement: Determine if it makes sense for Roofing Company to purchase and then lease this equipment especially since the equipments useful life is 5 years. Explain your position with workings.