Question: Please need the correct answer for this question Problem 8-33 Equivalent Annual Annuity (LOS) Afirm can lease a truck for 4 years at a cost
Please need the correct answer for this question

Problem 8-33 Equivalent Annual Annuity (LOS) Afirm can lease a truck for 4 years at a cost of $35,000 annually. It can instead buy a truck at a cost of $85,000, with annual maintenance expenses of $15,000. The truck will be sold at the end of 4 years for $25,000 . What is the equivalent annual cost of buying and maintaining the truck if the discount rate is 12%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Equivalent annun cont 40,713,90 b. Which is the better option? Buy Lease ces
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