Thus, the net present value (NPV) cost of owning the asset will be: $24,489$23,989$24,386$29,632 Hack Wellington Co. (HWC) has been offered an operating lease on the same equipment. The four-year lease requires end-of-year payments of $1,600, and the firm will have the option to buy the asset in four years for $8,800. The firm will want to use the equipment longer than four years, so it plans to exercise this option. All maintenance will be provided by the lessor. What is the NPV cost of leasing the asset? (Note: Round your answer to the nearest dollar.) $37,616$10,263$12,829$2,384 Should HWC lease or buy the equipment? Buy Lease Thus, the net present value (NPV) cost of owning the asset will be: $24,489$23,989$24,386$29,632 Hack Wellington Co. (HWC) has been offered an operating lease on the same equipment. The four-year lease requires end-of-year payments of $1,600, and the firm will have the option to buy the asset in four years for $8,800. The firm will want to use the equipment longer than four years, so it plans to exercise this option. All maintenance will be provided by the lessor. What is the NPV cost of leasing the asset? (Note: Round your answer to the nearest dollar.) $37,616$10,263$12,829$2,384 Should HWC lease or buy the equipment? Buy Lease