Please use the following facts to analyze the next two questions:

Facts and Assumptions:

Lease Term in Months

24

Lease Down Payment

$500.00

Monthly Lease Payments

$300.00

Sales Tax Rate

8%

Lease Buyout at End

$15,000.00

Title Fee

$25.00

Car Loan Market Rate

7%

Outright Purchase Price Before Tax and Title

$19,500.00

What is the NPV of the lease?Round you answer to the nearest whole number.Do not use $, commas, or decimal points and enter as apositivenumber. For example, -$34,567.50 would be entered as 34568.

What would it cost you tobuy the car today if you were paying cash?Round you answer to the nearest whole number.Do not use $, commas, or decimal points and enter as a positive number. For example, $34,567.50 would be entered as 34568.