Devon Corp. is trying to decide whether to lease or purchase a plece of equipment. The total cost lease the equipnent wil be 5155,500 ove its estimated life, while the total cost to buy the equipment will be $122200 over its estimated life. At Devon's required rate of return, the net present value of the cost of leasing the equipment is $110,200 and the net present value of the cost of buying the equipment is $124,500. Based on financial factors. Devon should: Multiple Cholce lease the equipment, 5aving $14,300 over buying. buy the equipment, saving $33,300 over leasing buy the equipment, saving $14,300 over leasing. lea5e the equipment, saving $33,300 over biying