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This is a 3-part question. Your company needs to acquire a new machine. One option is to purchase the equipment, which has a market value

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This is a 3-part question. Your company needs to acquire a new machine. One option is to purchase the equipment, which has a market value of $65,000 and a trade-in value after five years of $7,000. Another option is to LEASE the machine from a leasing company, with MONTHLY payments of $1,200 per month for five years. Assuming a discount rate of 6.0% compounded monthly, answer the following: a) What is the net present value of the purchase option? (+/- no decimals) b) What is the net present value of the leasing option? (+/- no decimals) c) Which option should you recommend to your boss

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