Tyrell Corporation needs to invest in a new delivery truck. The life expectancyof the delivery truck is four years. You can purchase a new delivery truck for an

upfront cost of $126,000.00, or you can lease a truck from the manufacturer forfour years for a weekly lease payment of $700.00 (paid at the end of each week).

Your firm can borrow at 7.5% APR compounded every six months. The presentvalue of the lease payments for the delivery truck is closest to: