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You need a partioular piece of eculpenent for your production process. An equipment-teasing compacy has offored to lesse the equipment to you for 59.700 per

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You need a partioular piece of eculpenent for your production process. An equipment-teasing compacy has offored to lesse the equipment to you for 59.700 per year if you sign a garinteed 5 -year lease (the lease is paid at the end of each year). The company would also maintain the equipment for you as part ol the lease. Alematively, you could buy and maintain the equicment yourted The cash fows from doing so are isted hare: (the equipment has an economic lffe of 5 years). If your discount rase is 7.4%, what should you do? The not present value of the leasing atersative is $ (Round to the nearest dollar.) Data table (Click on the following icon D in order to copy its contents into a spreadsheet.)

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