A car has a sticker price of $70,500. The car has a 100 hp engine and can accelerate from 0 to 60 mph in 15.8 seconds. The lease rate is 4.7% The term of the lease is three years. The buyout is $33,840 al the end of the lease Assume that the lease has three annual payments with the first payment due on signing a) What are the before-tax inase payments assuming no down payment? b) With leases, sales tax is paid on the lease payments and buyout. If the sales tax rate is 0%, then what is the present value of the taxes paid on the loose when discounted at the inapa rate? c) If you buy the car for a sticker price, then you will pay sales tax on the purchase price of the car. Which method of purchase generated larger ratal tax payments on a present value basis? a) The before-tax annual lease payment is (Round to the nearest cunt as needed) b) The present value of the taxes paid on the lease is (Round to the nearest cent as needed.) c) Choose the correct answer below OA. A lease gonerates the same tax liability as a cash purchase (ignoring rounding enor OB. Ainase generates a larger tax ability than a cash purchase (ignoring rounding mor OC. A cash purchase generates a larger tex lability than a lease (ignoring rounding emo