Andy's Sports Camp operates with a variable cost percentage of 75%. The owner wants to increase sales by an amount necessary to cover adding an additional $500 per month in fixed costs. What are the additional annual sales revenue required to cover the additional fixed costs desired by the owner? What type of sports are played at this camp? A car dealership is marketing a three-year car deal --You can either buy a car for 11,500 dollars or lease the same car for 400 per month. After reading the fine print you discover the following information: If you buy the car, it will last 3 years with a trade-in value of 3500 dollars at the end of the 3rd year. You must trade in the car. You will pay 5000 dollars down payment (year 0) and then you will pay another 5000 in years 1 and 2. If you lease the car, you will turn it in at the end of 3 years and owe no further dollars. You make one annual lease payment at the end of years 1,2 and 3 (note: nothing in year 0) that covers the 400 per month lease cost. Regardless of whether you buy or lease, you will need to pay 1000 in years 1 and 2 only - for annual maintenance costs. Complete 2 NPV grids - one for buying the car and one for leasing the car. Use 6% for your discount factor. Ignore depreciation and taxes. Which is the better approach financially, meaning which has the lower NPV-the cost of the car in today's dollars