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Need answer for below Delford Industries needs a new warehouse...

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Accounting

Need answer for below

Delford Industries needs a new warehouse for its growing business in New Jersey.
The CFO has decided to lease the warehouse for 7 years.
They have identified two warehouses that meet their needs: one in Edison and the other
in Rutherford.
Proposed lease terms for the two warehouses are as shown below.
($s in 000s)
Payment Annual
(Year 0) Lease
Edison $325 $1,235
Rutherford $925 $1,125
Delford has adequate cash to make either of the Year 0 payments.
Which should the CFO choose? Explain your answer

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