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Q3) Alar and Shiva are going to get a new car for 8 years. Alar has heard that buying is always cheaper and wants to

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Q3) Alar and Shiva are going to get a new car for 8 years. Alar has heard that buying is always cheaper and wants to buy it for $36,000 and believes it could be sold for $11,700 in 8 years. Shiva crunched the numbers and thinks leasing for ninety-six (96) - $339 payments at the end of month is cheaper. Given with the lease option they must give the car back after 8 years, who is right based on DCF and a cost of money of 6% compounded annually? (3 marks-16.1) 4a) What is the DCF today of the Buy Option? 4b) What is the DCF today of the Lease Option? 4c) Who is right and why

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