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Use the information for the question(s) below. Your firm needs to invest in a new truck. The life expectancy of the truck is five years.

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Use the information for the question(s) below. Your firm needs to invest in a new truck. The life expectancy of the truck is five years. You can purchase a new truck for an upfront cost of $250.000, or you can lease a truck from the manufacturer for five years for a monthly lease payment of $4500 starting from today and paid at the end of each month. Your firm can borrow at 8% APR with quarterly compounding. The present value of the lease payments for the truck is closest to: $223.681 $216,000 $222,210 $207.680

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