Solve with steps using calculator.

Your landscaping company can lease a truck for $7,150.00 a year for 4 years. It can instead buy the truck for $20,398.08. The truck will be valueless after 4 years. a. What is the present value of the lease payments, If the interest rate your company can earn on its funds is 10.00%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Is it cheaper to buy or lease? buy lease