Your landscaping company can lease a truck for $8,950.00 a year for 8 years. It can instead buy the truck for $49,434.89. 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 7.00%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ 49434.89 b. Is it cheaper to buy or lease? multiple choice 2 buy lease