please help ive tried three different answers
Your friend Harold is trying to decide whether to buy or lease his next vehicle. He has gathered information about each option but is not sure how to compare the alternatives. Purchasing a new vehicle will cost $30,500, and Harold expects to spend about $900 per year in maintenance costs. He would keep the vehicle for five years and estimates that the salvage value will be $12,100. Alternatively. Harold could lease the same vehicle for five years at a cost of $3,965 per year, including maintenance. Assume a discount rate of 12 percent. Required: 1. Calculate the net present value of Harold's options. (Future Value of \$1. Present Value of $1. Future Value Annuity of $1. Present Yalue Annuity of $1.) 2. Advise Harold about which option he should choose. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the net present value of Harold's options. (Future Value of \$1, Present Value of $1, Future Value Annuity of $1. Present Value Annuity of $1. Note: Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign. Round your final answers to 2 decimal places. Calculate the net present value of Harold's options. (Future Value of \$1. Present Value of \$1. Future Value Annuity of \$1, Presen Value Annuity of $1. Advise Harold about which option he should choose. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the net present value of Harold's options. (Future Value of \$1,Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign. Round your final answers to 2 decimal places: TABLE 11.1A Future Value of $1 TABLE 11.2A Present Value of $1 TABLE 11.3A Future Value of an Annuity of $1 TABLE 11.4A Present Value of Annuity of $1