Rent vs. buy home.UseWorksheet 5.2.Clarissa Maguire is currently renting an apartment for $725 per month and paying $275 annually for renters insurance.She just found a small townhouse she can buy for $185,000.She has enough cash for a $10,000 down payment and $4,000 in closing costs.Clarissa estimated the following costs as a percentage of the homes price: property taxes, 2.5 percent; homeowners insurance, 0.5 percent; and maintenance, 0.7 percent.She is in the 25 percent tax bracket.UsingWorksheet 5.2, calculate the cost of each alternative and recommend the least costly optionrent or buyfor Clarissa.