6-10 answer purchase portion

Problem -10 Your aniwer is partially correct. Try again Nash Int. owns and operates a number of hardware stores in the New England region. Recently, the company has decided to locate another store in a rapidly growing area of Maryland. The company is trying to decide whether to purchase or lease the building and related facilities Purchase: The company can purchase the site, construct the building, and purchase all store fistures. The cost would be $1,362,300. An immediate down payment of $417.500 5 required, and the remaining 51.444,700 would be paid of over 5 years at $954,700 per year (including interest payments made at end of year). The property is expected to have a utfit of 12 years, and then it will be sold for $50.700. As the owner of the property, the company will have the following out of pocket expenses each period Property taxes to be paid at the end of each year) 140.00 Insurance to be paid at the beginning of each year) 26.050 Other (primarily maintenance whild occurs at the end of each 16.950 384,400 Lase: First National Bank has agreed to purchase the site construct the building and install the appropriate stures for Nath the trash will lose the completed facility for 12 years The anus costs for the lease would be $240,000. Nash would have no respondility related to the facility over the 12 years. The some of the ear that Nash would be required to mai 12 annual payment the first nament to be made at the time the store opens and that can following year. In addition a deposit 10.700 is oured when the stars opened. This debout will be returned at the end of the 12th year souming naunal damage to the building structure or free Compute the present value of new cuvanthu cwer of funds for Tath toll found factor valors to the male n.2124 et final awer to decat place TES 2230550 Past boshlash the follow