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You need a particular piece of equpment for your production process. An equpment leasing company has offered to lease the equipment to you for 59,700

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You need a particular piece of equpment for your production process. An equpment leasing company has offered to lease the equipment to you for 59,700 per year if you sign a guaranteed five-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. Allematively, you could buy and maintain the equipment yourself, The cash flows from doing so are listed below (the equipment has an economic life of five years). If your discount rate is 7.4%, what

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