2 At the end of three years, the fleet could be sold for one-half of the original purchase price. bits 02.15:15 Lease altenativer The company can lease the care under a three-year lease contract. The lease cont would be $55,000 per year (the first payment due at the end of Year 1). As part of this lease cont. the owner would provide all servicing and repairs, license the cars, and pay all the taxes. Riteway would be required to make a $10,000 security deposit at the beginning of the lease period, which would be refunded when the cars were returned to the owner at the end of the lease contract. Riteway Ad Agency's required rate of return is 18%. Click here to view Exhibit 138-1 and Exhibit 138-2. to determine the appropriate discount factor(s) using tables. Required: 1. What is the net present value of the cash flows associated with the urchase alternative? 2. What is the net present value of the cash flows associated with the lease alternative? 3. Which alternative should the company accept? eBook References Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 What is the net present value of the cash flows associated with the purchase alternative? (Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount.) Net prebent value Required 2 > 2 At the end of three years, the fleet could be sold for one-half of the original purchase price. bits 02.15:15 Lease altenativer The company can lease the care under a three-year lease contract. The lease cont would be $55,000 per year (the first payment due at the end of Year 1). As part of this lease cont. the owner would provide all servicing and repairs, license the cars, and pay all the taxes. Riteway would be required to make a $10,000 security deposit at the beginning of the lease period, which would be refunded when the cars were returned to the owner at the end of the lease contract. Riteway Ad Agency's required rate of return is 18%. Click here to view Exhibit 138-1 and Exhibit 138-2. to determine the appropriate discount factor(s) using tables. Required: 1. What is the net present value of the cash flows associated with the urchase alternative? 2. What is the net present value of the cash flows associated with the lease alternative? 3. Which alternative should the company accept? eBook References Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 What is the net present value of the cash flows associated with the purchase alternative? (Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount.) Net prebent value Required 2 >