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A firm can lease a truck for 4 years at a cost of $30,000 annually. It can instead buy a truck at a cost of $80,000, with annual maintenance expenses of $10,000. The truck will be sold at the end of 4 years for $20,000. What is the better option if the discount rate is 10%?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91727167

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