The Riteway Ad Agency provides cars for its sales staff, In the past, the company has always purchased its cars from a dealer and then sold the cars after three years of use. The company's present fleet of cars is three years old and will be soid very shortly. To provide a replacement fleet, the company is considering two alternatives: Purchase olternative: The corpany can purchase the cars, as in the past, and sell the cars. after three years of use. Ten cars wi11 be needed, which can be purchased at a discounted price of $17, eos each. If this alternative is accepted, the following costs will be incurred on the fleet as a whole: At the end of three years, the fleet could be sold for one-half of the original purchase price. Leose olternotive; The company can lease the cars under a three-year lease contraet. The Tease cost vould be 869 , e0e per year (the first payment doe at the end of Year 1). As part of this lease cost, the ownar would provide all servicing and cepairs, license the cacs, and pay all the taxes. aitrway would be required to make a 514,500 security deposit at the beginntng of the lagoe period, which would be refunded when the card Riteway Ad Agency's required rate of return is 19%. Click here to view Exhibit 14B-1 and Exhibli 14B-2, to determine the appropriate discount factor(s) using tables Required: 1. What is the net present value of the cash flows associated with the purchase altemative? 2 What is the net present value of the cash flows associated with the lease alternative? 3. Which alrernative should the company accept