Here are the costs and benefits she has gathered for each of these options: Buy New Buy Used Lease Midnight$-$Blue SUV Monthly payment $$500$ $$350$ $$300$ plus $$2$ per mile if over $10,000$ miles per year Time frame $6$ years $4$ years $2$ years Warranty Excellent for $100,000$ miles Excellent for next $40,000$ miles only Excellent for length of lease Full coverage insurance $$200$ per month $$150$ per month $$200$ per month Operating cost $$0\mathrm{.}20$ per mile $$0\mathrm{.}20$ per mile $$0\mathrm{.}20$ per mile Expected mileage per year $15,00015,00015,000$ Safety features Maximum Moderate Maximum Required a$.$ Identify the relevant costs associated with each of Marens three options. b$.$ If she bases her decision solely on cost$,$ which option will she choose? c$.$ What additional qualitative considerations will come into play in her decision? If you were Maren, what choice would you make? Briefly explain.

Karen Congo Farmer; Amy Fredin. Cost Accounting: With Integrated Data Analytics, $1$st Edition $($p$.5-35).$ Kindle Edition.