... 8- 17Develop Updated Acquisition Cost and TCO Estimates$2,500,000$3,000,000$1,300,000$2,000,000PV future cost$1,200,000$1,000,000Acquisition costYXTable 8- 1Table 8- 1TCO 8- 4Key ... Lease or Contract•Post Award Activities 8- 15Figure 8- 3Figure 8- 3Phase III: Develop Specifications and Initiate Sourcing, Pricing and TCO Analysis 8- 19Leased Equipment•Operating Lease»Used ... agreement 8- 1Chapter 8 The Procurement of Equipment 8- 16Develop Updated Acquisition Cost and TCO Estimates•Meet Budget and TCO Objectives?•Top Management Approval•Negotiation 8- 9Used...