Foster Incorporated is trying to decide whether to lease or purchase a piece of equipment needed...

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Foster Incorporated is trying to decide whether to lease or purchase a piece of equipment needed for the next 10 years. The equipment would cost $54,000 to purchase, and maintenance costs would be $5,900 per year. After 10 years, Foster estimates it could sell the equipment for $23,000. If Foster leases the equipment, it would pay $14,000 each year, which would include all maintenance costs. If Foster's cost of capital is 8%, Foster should: (Euture Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of 31 Note: Use the appropriate factors from the PV tables. Foster Incorporated is trying to decide whether to lease or purchase a piece of equipment needed for the next 10 years. The equipment would cost $54,000 to purchase, and maintenance costs would be $5,900 per year. After 10 years, Foster estimates it could sell the equipment for $23,000. If Foster leases the equipment, it would pay $14,000 each year, which would include all maintenance costs. If Foster's cost of capital is 8%, Foster should: (Euture Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of 31 Note: Use the appropriate factors from the PV tables.