Your firm needs to invest in a new delivery truck. The life expectancy of the delivery truck is five years.

You can purchase a new delivery truck for an upfront cost of $$240,000,$ or you can lease a truck from

the manufacturer for five years for a monthly lease payment of $$4,800($paid at the end of each month$).$

Your firm can borrow at $8\%$ APR with quarterly compounding.

The present value $($PV$)$ of the lease payments for the delivery truck is closest to

A$.$ $$187,607$

B$.$ $$234,508$

C$.$ $$328,311$

D$.$ $$281,410$