A subcontractor needs a crane for one year to complete a job. The following options are available: #1 Purchase crane for $65,000 sell for $30,000 when project is complete. #2 Lease the crane for $30,500 for one year. #3 Lease the crane for $1635 per month. #4 Rent the crane for $5537 per quarter. Which results in the lowest cost to the contractor?

A subcontractor needs a crane for one year to complete a job. The following options are available: #1 Purchase crane for $65,000 sell for $30,000 when project is complete. #2 Lease the crane for $30,500 for one year. #3 Lease the crane for $1635 per month. #4 Rent the crane for $5537 per quarter. Which results in the lowest cost to the contractor?