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You are currently trying to determine if leasing scanning equipment or buying the scanning equipment outright is a better option. You currently lease the equipment
You are currently trying to determine if leasing scanning equipment or buying the scanning equipment outright is a better option. You currently lease the equipment for $3000 per quarter. To purchase the equipment outright, it will cost $20,000. Based on this information how long will it take to payback the outright cost of the equipment? Round to two decimals. Based on your calculations, which is the best option?
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