6 Exercise 10-19C Analyzing lease options LO C3 General Motors advertised three alternatives for a 35-month lease on a new Tahoe: (1) zero dollars down and a lease payment of $2,400 per month for 35 months, (2) $8,300 down and $2,150 per month for 35 months, or (3) $45,500 down and no payments for 35 months. Table B1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) points Calculate the total present value of lease payments under the three alternatives (assume the annual interest rate is 12% compounded monthly). eBook Hint Value Amount Present Value Print Option 1 Down Payment 1.0000 References Monthly Payments Total Present Value Value AmountPresent Value Option 2 Down Payment Monthly Payments Total Present Value 1.0000 Value Amount Present Value Table Option 3 Down Payment Total Present Value 1.0000 Indicate which is the best alternative (assume you have enough cash to accept any alternative). Option 3 Option 2 Option 1