Devon Corp. is trying to decide whether to lease or purchase a plece of equipment. The total cost lease the equipment will be $152,500 over its estimated life, while the total cost to buy the equipment will be $121,000 over its estimated life. At Devon's required rate of return, the net present value of the cost of leasing the equipment is $109,000 and the net present value of the cost of buying the equipment is $121,500. Based on financial factors, Devon should Multiple Choice O buy the equipment, saving $12.500 over leasing buy the equipment, saving $31.500 over leasing, O lease the equipment, saving $12,500 over buying lease the equipment, saving $31,500 over buying