(Answered) A firm can lease a truck for 5 years at a cost of 37000

Finance

A firm can lease a truck for 5 years at a cost of $37,000 annually. It can instead buy a truck at a cost of $87,000, with annual maintenance expenses of $17,000. The truck will be sold at the end of 5 years for $27,000.

a. Calculate present value if the discount rate is 15%?

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