3. 20 marks A project manager with Green Piece Foundation is assigned to start up Project Management Office in Montreal. Two lease options for office space are available in locations A and B. Each lease option has an initial payment at year 0, an annual lease cost, and lease deposit return at the end of the lease term. Estimates for the lease options are shown on the following table (all dollar figures are in hundreds). . Suppose the company has a practice of evaluating its projects based on a 5 year analysis period. Which lease option should be selected? (10 marks). Assumptions: The deposit returns of $1,000 and $2,000 will be returned at the end of the 5 year analysis period for both leases, and There will be no annual lease costs for the remaining years for both leases. Solution Instructions: Method of analysis: AEC. Other methods will not be graded Show your calculations in detail. Use 4 decimal points for the interest factors. Round off your final answer to the nearest number. acer 3. 20 marks A project manager with Green Piece Foundation is assigned to start up Project Management Office in Montreal. Two lease options for office space are available in locations A and B. Each lease option has an initial payment at year 0, an annual lease cost, and lease deposit return at the end of the lease term. Estimates for the lease options are shown on the following table (all dollar figures are in hundreds). . Suppose the company has a practice of evaluating its projects based on a 5 year analysis period. Which lease option should be selected? (10 marks). Assumptions: The deposit returns of $1,000 and $2,000 will be returned at the end of the 5 year analysis period for both leases, and There will be no annual lease costs for the remaining years for both leases. Solution Instructions: Method of analysis: AEC. Other methods will not be graded Show your calculations in detail. Use 4 decimal points for the interest factors. Round off your final answer to the nearest number. acer