Suppose you, the division manager for a large MNC, are responsible for the procurement of a large piece of manufacturing equipment. Should you buy or lease? If you buy, it will cost you $40000 up front. If you lease, it will cost you $12500 a year over four years (from year 1 to year 4; payment is made at the end of each year). If leasing, no payment is required upfront. Banks are requiring 15%. Answers should be rounded to the 2nd decimal place and worked in excel. (1) What is the NPV of purchasing? (2) What is the NPV of leasing? (3) which plan is prefered?