Business, 10.12.2019 00:31 ferguag15stu
Suppose that your company is trying to decide whether it should buy special equipment to prepare high-quality publications itself or lease the equipment from another company. leasing the equipment costs $240 per day. purchasing the equipment requires an initial investment of $6,800 and a daily operating cost of $70. after how many days will the lease cost be the same as the purchase cost for the equipment? assume that your company would only use this equipment for 30 days. should your company buy the equipment or lease it?
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