3. You're looking at a slightly-used Subaru Forester and need to choose: lease or buy? Here are the terms: Lease -36 months; Lease payment =$249 monthly; $1999 payment upon signing lease agreement. If you purchase, the price is $19,995; the car's value at the end of 36 months will be $12,820. Create a table that shows the cashflows for the purchase and for the lease. Calculate the differential cashflows and find the IRR of the differential cashflows. For comparison to the IRR of leasing, you know that you could get a bank loan to purchase the car at 5.9% interest rate. Do you recommend leasing or buying? Explain your rationale Reminder: be sure to convert IRR into annual interest rate (EAIR)