Tech Engineering Is Considering Whether to Lease or Buy Earth-Moving

Tech Engineering is considering whether to lease or buy earth-moving equipment.
MARR =8%
The costs of buying an earth mover are as follows.
Purchase Price = $150,000
Life = 10 years
Salvage value = $12,000
Maintenance = $1,800/year
Insurance = $1,200 /year
Operating cost day = $300/day
If the equipment is leased, in addition to incurring an operating cost of $300 per day, the company has to pay a rental fee of $100 per day.
Determine the minimum number of days per year that the company has to use the earth mover in order justify buying the equipment.

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Assume the "X" be the minimum # of days...

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