Question: 18% D Fn 2:36 AM 15% HW gr.. Help Save&Exit Submit e Chrome Check my werk Your landscaping company can lease a truck for $7100

18% D Fn 2:36 AM 15% HW gr.. Help Save&Exit Submit e Chrome Check my werk Your landscaping company can lease a truck for $7100 a year (paid at year-end) for 7 years It can instead buy the truck for $38,.000. The truck will be vakueless after 7 years. The interest rate your company can earn on is 8% a. What is the present value of the cost of leasing? (Do not round Intermediate calculations. Round your answer to 2 decimal places) b. Is it cheaper to buy or lease? O Buy Lease c. What is the present value of the cost of leasing if the lease payments ere an annuity due, so the first payment comes immediately? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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