Burnham Corporation is comparing two alternatives for leasing a machine.

Alternative A is a lease that requires six annual payments of $24,000 with the first payment due immediately.

Alternative B is a lease that requires two payments of $33,000 and three payments of $27,000 with the first payment due one year from now.

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Burnham Corporation is comparing two alternatives for leasing a machine. Alternative A is a lease that requires six annual payments of $24,000 with the first payment due immediately. Alternative B is a lease that requires two payments of $33,000 and three payments of $27,000 with the first payment due one year from now. Use Excel or a financial calculator for the computations. Round your answer to the nearest dollar. a. Calculate each alternative if the relevant discount rate is 5% and determine which alternative Burnham should choose. Alternative A: \$ Alternative B: \$ appears to be the better alternative b. Calculate each alternative if the relevant interest rate is 7% and determine which alternative Burnham should choose. Alternative A: \$ Alternative B: $ appears to be the better alternative