Could you please check and send me the last results, because the system announced the wrong answer. Thanks

Question 1

George was offered two options for a car he was purchasing:

• Lease option:Pay lease amounts of $400 at the beginning of every month for 3 years. At the the end of 3 years, purchase the car for $11,500.

Buy option:Purchase the car immediately for $21,000.

The money is worth 5.60% compounded monthly.

a.What is the Discounted Cash Flow (DCF) for the lease option?

b.Which is the better option? Lease Option or Buy Option

Question 2

James purchased two trucks for his warehouse for a total of $62,000. This investment saved him $13,000 in truck rental charges every year (from the 1st year), for 8 years. At the end of year 8, he sells both the trucks for a total of $11,500.

a.What is the Net Present Value (NPV) of the investment if the required rate of return is 6%?

b.Does the investment meet the required rate of return?