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You need a particular piece of equipment for your production process. An equipment-leasing company has offered to lease the equipment to you for $10,500 per

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You need a particular piece of equipment for your production process. An equipment-leasing company has offered to lease the equipment to you for $10,500 per year if you sign a guaranteed 5-year lease (the lease is paid at the end of each year). The company would also maintain the equipment for you as part of the lease. Alternatively; you could buy and maintain the equipment yourself. The cash flows from doing so are listed below (the equipment has an economic life of 5 years). If your discount rate is 7.4\%, what should you do? The net present value of the leasing alternative is $ (Round to the nearest dollar.) The net present value of the buying alternative is s (Round to the nearest dollar.) What should you do? (Select from the drop-down menus.) The cost of is less, so you should the equipment

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