Your landscaping company can lease a truck for $7.000 a year (paid at year-end) for 5 years. It can instead buy the truck for $30,000. The truck will be valueless after 5 years. The interest rate your company can earn on its funds is 6%. a. What is the cost of leasing? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value of lease $ b. Is it cheaper to buy or lease? O Buy O Lease What if the lease payments are an annuity due, so the first payment comes C-1. immediately? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value of lease $ c-2. Is it cheaper to buy or lease? O Buy O Lease