Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$ You need a particular piece of equipment for your production process. An$$ equipment$-$leasing company has offered to lease the equipment to you for $$$$9,800$ per year if you sign a guaranteed $5-$year lease$($the lease is paid at the end of each$$ year$).$ The company would also maintain the equipment for you as part of the lease.$$ Alternatively, you could buy and maintain the equipment yourself. The cash flows from doing so are listed$$ here:$($the equipment has an economic life of $5$years$).$ If your discount rate is $6\mathrm{.}7\%,$ what should you$$ do$?$