Kojo is interested in leasing a new Toyota Camry and has contacted three automobile dealers for pricing information. Each dealer offered Kojo a closed-end 36-month lease with no down payment due at the time of signing. Each lease includes a monthly charge and a mileage allowance. Additional miles receive a surcharge on a per-mile basis. The monthly lease cost, the mileage allowance, and the cost for additional miles for each dealer are shown below: Dealer Monthly Cost Mileage Allowance Cost per Additional Mile 1 GHS 300 36,000 2 GHS 312 45,000 3 GHS 325 54,000 GHS 0.17 GHS 0.20 GHS 0.16 Kojo decided to choose the lease option that will minimize his total 36-month cost. The difficulty is that Kojo is not sure how many miles he will drive over the next three years. For purposes of this decision he believes it is reasonable to assume that he will drive 12,000 miles per year, 15,000 miles per year, or 18,000 miles per year. With this assumption Kojo estimated his total costs for the three lease options. For example, if Kojo accept the offer from dealer 1, the Toyota Camry lease will cost him: 300 36+0.17 (3*15000-36000) GHS12,330 if he drives 15,000 miles per year. If Kojo has no idea which of the three mileage assumptions is most appropriate, then the recommended decision (leasing option) using the minimax regret criterion is to select dealer at a total regret of GHS