Your landscaping company can lease a truck for $8,300.00 a year for 8 years. It can instead buy the truck for $37,859.30. The truck will be valueless after 8 years. a. What is the present value of the lease payments, If the interest rate your company can earn on its funds is 10.00%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Is it cheaper to buy or lease? buy lease