Two days ago, one of Morees Catering Inc.$\text{'}$s delivery vans stopped working. To meet demands, the company needs a new van. The company is deciding to either lease or purchase a new van. The company can lease the van from Leaselt Ltd$.$ under a $6$ year contract. The lease cost would be $$12,600$ per year. On the other hand, Morees can purchase a van from BuyIt Ltd$.$ for $$52,700.$ Assume Morees has a required rate of return of $8\%.$

Do not enter dollar signs or commas in the input boxes.

Use the present value tables found in the textbook appendix.

Round your answer to the nearest whole number.

Use the NPV method to determine which alternative the company should accept.

Lease Cost: $Answer

Purchase Cost: $Answer

Therefore, Morees should: Answer