Your landscaping company can lease a truck for $9,000 a year (paid at year-end) for 7 years. It can instead buy the truck for $48,000. The truck will be valueless after 7 years. The interest rate your company can earn on its funds is 8%. a. What is the cost of leasing? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value of lease \$ b. Is it cheaper to buy or lease? Buy Lease What if the lease payments are an annuity due, so the first payment comes c-1. immediately? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value of lease \$ c-2. Is it cheaper to buy or lease? Buy