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Your landscaping company can lease a truck for $8,550.00 a year for 7 years. it can instead buy the truck for $48,206,65. The truck will

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Your landscaping company can lease a truck for $8,550.00 a year for 7 years. it can instead buy the truck for $48,206,65. The truck will be valueless after 7 years. a. What is the present value of the lease payments, if the interest rate your company can eam on its funds is 6.00%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Is it cheaper to buy or lease? lease buy

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