This ques

Emma runs a small factory that needs a vacuum oven for brazing stral fixings. She can purchase the model she needs for $$180$ She can borrow at $7\%$ APR, compounded monthly. Assuming thet the oven will be used for five years, should she purchase the o

A$.$ Lease, since the present value $($PV$)$ of the lease is $$12,224$ less than the cost of the oven.

B$.$ Lease, since the present value $($PV$)$ of the lease is $$2,212$ less than the cost of the oven.

C$.$ Lease, since the present value $($PV$)$ of the lease is $$8,642$ less than the cost of the oven.

D$.$ Buy, since the present value $($PV$)$ of the lease is $$32,108$ more than the cost of the oven.