pls help

The Riteway Ad Agency provides cars for its sales statt in the past, the company has always purchased its cors fiomt a dealer and then sold the cais after three years of use. The company's present fleet of cars is three years old and will be sold very shortly to provide a replacement feet, the company is considering two olternatives Purchose alternativer The coepany can purchase the cars, as in the post, and sell the cach after three years of use. Ten cars will be needed, which can be purchased at a discounted price of $18,000 each. If this alternative is accepted, the following costs mill be incurred on the fleet as a thele: At the end of three years, the fleet could be soid for one-half of the original purchase price Leese alternative? The company can lease the cars under a three-year leave contract. The lease cost would be $53,000 per year (the flrit payeent doe at the end of Year 1). As part of this lease cost, the comer would provide all servicing and repsirs, 1icense the cars, and pay all the taxes. iliteway would be requilred to eake a 512,000 security deposit at the beginning of the lease perjod, which would be refunded then the cars were returned to the owner at the end of the lease contract. Riteway Ad Agency/s required rate of retum is 14% Click here to view Extibit 14B-1 and Exhibit 14b-2. to determine the appropisate discoumt factoris) using tables Required: 1. What is the net present value of the cosh tlows associoted with the purchose altemative? 2. What is the net present value of the cash flows associated with the leose alternative? 3. Which altemative should the company accept? Preseet Value of 51; (1+r)111 ENHIBTI 14B2 Prrarat Value of as Antieity of S1 in Arrars: r11(1+7)1