Question: please help Devon Corp. is trying to decide whether to lease or purchase a piece of equipment. The total cost lease the equipment will be

please help
please help Devon Corp. is trying to decide whether to lease or

Devon Corp. is trying to decide whether to lease or purchase a piece of equipment. The total cost lease the equipment will be $158.000 over its estimated life, while the total cost to buy the equipment will be $123,200 over its estimated Ilfe. At Devon's required rate of return, the net present value of the cost of leasing the equipment is $111,200 and the net present value of the cost of buying the equipment is $127,000. Based on financial factors, Devon should Multiple Choice Jease the equipment, saving $34,800 over buying buy the equipment, saving $34,800 over leasing. lease the equipment, saving $15,800 over buying buy the equipment, saving $15,800 over leasing

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