This Question: 1 pt 10 of 10 (0 completo) This Quiz: 10 pts possible 0 Time line of cash flow and the present value of an annuity due Mauer Mining Company bases a special drilling press with annual payments of $140,000. The contract calls for rent payments at the beginning of each year for a minimum of 10 years. Mauer Mining can buy a similar drill for $1,020,000, but it will need to borrow the funds at 8% a. Show the two choices on a timeline with the cash flow b. Determine the present value of the lease payments at 8% c. Should Mauer Mining lease or buy this drit? 2 $1,020,000 $1,020,000 $1,020,000 $1,020,000 $1,020,000 Loan b. What is the present value of the ease payments at 8% interest rate? (Round to the nearest cent) c. Should Mauer Mining lase or buy this drill? (Select the best response.) A Mauer Meing should as the dril since the present value of the base payment is greater than the price of the drill OB Mauer Mining should buy the or since the present value of the base payments is greater than the price of the dril OC. Meer Mining should buy the since the present value of the base parties than the price of the OD. Maar Ming should since the present value of those payment is less than the price of the Click to select your answers Type here to search 8:26 PM 200