Tough Rock Ltd. needs to acquire a piece of drilling equipment which will cost the company $55,000. It is estimated that in 14 years time the machine can be salvaged for $5,500. The companys bank has agreed to advance funds for the entire purchase price at 6 percent per annum payable in equal installments over the 14 years. Alternatively, the machine could be leased over the 14 years from the manufacturer, by way of an operating lease with annual lease