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

Your firm needs to invest in a new delivery truck. The life expectancy of the truck is five years. You can purchase a new truck for an upfront cost of $250,000, or you can lease a truck from the manufacturer for five years for a monthly lease payment of $4500 starting from today and then paid at the end of each month. Your firm can borrow at 8% APR with quarterly compounding.
The present value of the lease payments for the truck is closest to:

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