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A young graduate is trying to decide whether to lease or buy a car for the next three years. The cash flows for each choice

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A young graduate is trying to decide whether to lease or buy a car for the next three years. The cash flows for each choice are shown below. We will ignore gas, insurance, and tag fees.) YEAR 0 2 3 LEASE $4,247.00 $3,500.00 -$3,500.00 $3,500.00 PURCHASE $35.293.00 0 0 $23,730.00 The graduate has a personal discount rate of 7.00%. At what discount rate would the graduate be indifferent between the two choices? Answer Format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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