Consider this scenario. A company has the following alternatives on some real estate that it needs for its new plant.

Consider this scenario.A company has the following alternatives on some real estate that it needs for its new plant. It can lease the facility for $10,000 a month for 15 years, or it can buy the facility now for $800,000. The company’s weighted average cost of capital is 12% and payments are made at the end of each month.Based on this information, answer the following:* Which is cheaper for the company: to buy or lease real estate? Show your computations.* What non-quantitative factors should the management consider when making the decision?