A company wants to provide vehicles for its employees to be used in a period of 54 months. As a result of the researches, a vehicle with a market value of 200,000 TL was determined. At this point, the company has the following options: OPTION A: The company will take over the ownership of the vehicle by using credit. The part will be completed in 54 equal installments (at the end of the month) with a loan with 18% APR. OPTION B: Renting the vehicle. In this option, a 54-month rental agreement will be made with a car rental company for the specified vehicle, the monthly rental fee is 4300 TL and will be paid at the beginning of each month. In addition, at the signing of the contract, the first installment and 2150 management costs are requested, and at the end of the contract (at the end of the 54 months), another 2500 TL is requested.

OPTION C: Buying the vehicle with the use of equity and taking the ownership of the company, in this option, the company will immediately receive the vehicle with a special payment plan in accordance with the agreement made with the agency. According to this field, the company will receive 70,000 TL at the end of 12 months and 90,000 TL at the end of 24 months 000 TL and will pay 50 000 TL at the end of the 48th month. 

REQUIRED INFORMATION: The market interest rate to be used in calculations within the said 54-month period will be accepted as 12% per year REQUIRED INFORMATION: If the vehicle is owned by the company (for OPTION A and C) Maintenance and insurance expenses will be calculated for each year (12, 24, 36, 48 months) afterwards. Maintenance expenses are understood as fixed 2250 TL for each year. Insurance expenses are respectively (1500 TL 2250 TL 3000 and 3750 TL) per year (12,24,36 TL). For option B, these costs are not valid and belong to the rental company. REQUIRED INFORMATION: If the vehicle is owned by the company (for OPTION A and C), the company said In the end, he can sell the vehicle so he can regain some of his investment. Vehicle depreciation rate to be used in these calculations will be accepted as 12% per year.

QUESTION :: Determine which of these three options is more suitable for the company.