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QUESTION
A firm can lease a truck for 4 years at a cost of $46,000 annually. It can instead buy a truck at a cost of $96,000, with annual maintenance expenses...
A firm can lease a truck for 4 years at a cost of $46,000 annually. It can instead buy a truck at a cost of $96,000, with annual maintenance expenses of $26,000. The truck will be sold at the end of 4 years for $36,000.
