Devon Corp. is trying to decide whether to lease or purchase a piece of equipment. The total cost lease the equipment will be $150,000 over its estimated life, while the total cost to buy the equipment will be $120,000 over its estimated life. At Devon's required rate of return, the net present value of the cost of leasing the equipment is $108,000 and the net present value of the cost of buying the equipment is $119,000. Based on financial factors, Devon should: Multiple Choice lease the equipment, saving $30,000 over buying buy the equipment, saving $30,000 over leasing lease the equipment, saving $11,000 over buying. buy the equipment, saving $11,000 over leasing