Based on the below information

Down Payment $ 1,500.00 Lease Term 36 Months Lease Payments $ 189.00 Per Month Buy Out Price - End of Lease $ 12,000.00 Market Loan Rate 8% Sales Tax 6.75% Title Fee $ 15.00 Lower than the example in the lecture but use this Your Highes Credit Card Rate 15.00% Outright Purchase of Car (Before tax and title) $17,000.00

I know that the NPV for buying the car is $18,163

I also know the NPV of leasing the car is $18,229

This is what I can not solve no matter what I do.

1. For the next two questions, assume that the lease and buy are both reasonable values and that you are paying a 15% interest rate (after tax) on credit card debt. You also plan to keep the vehicle beyond the lease term. In other words, you would exercise the purchase option at the end of the lease term.

   Assume further that you take advantage of the opportunity to pay off credit card debt with the monthly lease savings.

   What is the NPV of the lease?

   	A.	-18,089
   	B.	-17,091
   	C.	-17,004
   	D.	-19,000