Time line of cash flow and the prosent value of an annuity due Mauer Mining Company leases a special dniling press with annual payments of $110,000 The contract calls for rent payments at the beginning of each yoar for a minimum of 6 years Mauer Mining can buy a similar drill for $560,000, 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 drill