Differeatial Analysis for a Lease-orobuy Decision Moffett Industries is considering new equipment. The equipment can be purchased from an overseas supplier for $3,060, The freight and instaliation costs for the equipment are $550. If purchased, annual repairs and maintenance are estimated to be $420 per year over the 4 -year useful life of the equipment. Alternatively, Moffett Industries can lease the equipment from a domestic supplier for $1,400 per vear for 4 vears, with no additional conts. a. Prepare a differential analysis dated February 12 to determine whether Moffett Industries should lease (Atiemative 1 ) or purchase (Aiternative 2 ) the equipment. (Hint: This is a "lease or bur" decision, which must be analyzed from the perspective of the equipment user, as opposed to the equipment owner) If an amount is zero. enter ror: b. Determine whether Moffett should lease (Alternave 1) or buy (Alternative 2) the equipment