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Your company has to choose between two trucking options. Buy your own 5 company trucks or lease it froma trucking company. If bought, the trucks

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Your company has to choose between two trucking options. Buy your own 5 company trucks or lease it froma trucking company. If bought, the trucks cost $43,079 each and will incur maintenance costs of $1,848 starting the end of the second year, and maintenance costs tend to grow at a rate of 11% per year. You will do one last maintenance procedure and then sell the used' trucks at the end of 5 years for selling price of $21,385 each. If leased, it will cost a flat $27,394 per year each starting end of the 1st year and maintenance will be provided by the leasing company at no extra charge. Bank interest rates are now at 3.1 %. Price of diesel is the same for both options, and it's $3 per gallon; and expected to increase by 10% per year. Using the NPV concept, which is a better option and by how much is it better

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