Your landscaping company can lease a truck for $7,300 a year (paid at year-end) for 5 years. It can instead buy the truck for $32,000. The truck will be valueless after 5 years. The interest rate your company can earn on its funds is 6%. a. What is the present value of the cost of leasing? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. Present $ value of 30,747.60 lease b. Is it cheaper to buy or lease? Buy Lease c. What is the present value of the cost of leasing if the lease payments are an annuity due, so the first payment comes immediately? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not Present value of lease $ 33,674.90 d. Is it now cheaper to buy or lease? Buy Lease