LEASE FACTS:
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

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?