1. There are many options when it comes to purchasing equipment with the most popular ones being financing and leasing. What are the differences between these two methods and is one better than the other? Provide an example of each, 150 word minimum.
2. Would you agree if someone were to tell you that a one year payback period is the same as a 100% average rate of return? Explain why or why you do not agree, 150 word minimum.