The health/fitness club industry is heavily reliant on equip…

The health/fitness club industry is heavily reliant on equipment, which can be extremely dependent upon possessing a significant level of capital. Clubs typically either purchase or lease their equipment and there are pros and cons to each strategy. Your boss has put you in charge of replacing all of the cardio equipment in your facility. Identify three (3) pros and three (3) cons of each procurement strategy (owning and leasing). You can not give the exact opposite of the pro in the con and vice versa.