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Your landscaping company can lease a truck for $8,750.00 a year for 6 years. It can instead buy the truck for $41,089.10. The truck will

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Your landscaping company can lease a truck for $8,750.00 a year for 6 years. It can instead buy the truck for $41,089.10. The truck will be valueless after 6 years. a. What is the present value of the lease payments, If the interest rate your company can earn on its funds is 11.00%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b. Is it cheaper to buy or lease? O lease O buy

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