Question: A construction firm needs a front-end loader. The loader can be leased from the dealer for 3 years for $8,400 per year including all maintenance,

A construction firm needs a front-end loader. The loader can be leased from the dealer for 3 years for $8,400 per year including all maintenance, or it can be purchased for $32,000. The firm expects the loader to have a salvage value of $7,500 after 7 years. Maintenance will cost $750 in the first year and increase by $350 each year. The firm's interest rate is 6% per year. Express your answers to the nearest dollar. a) (2pt) What is the EUAC for leasing the loader (S/year)? b) (2pt)What is the EUAC for purchasing the loader ($/year)? e c) (pt) Which option is preferred (Lease or Buy

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