Devon Corp. is trying to decide whether to lease or purchase a piece of equipment. The total cost lease the equipment will be $158,500 over its estimated ufe, while the total cost to buy the equipment will be $123.400 over its estimated life. At Devon's required rate of return, the net present value of the cost of leasing the equipment is $111.400 and the net present value of the cost of buying the equipment is $127.500. Based on financial factors, Devon should: Multiple Choice lease the equipment, saving $35,100 over buying lease the equipment, saving $16.900 over buying buy the equipment, saving $35,100 over leasing buy the equipment, saving $16,100 over leasing