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 sold very shortly. To provide replacement foot, the company is considering two alternatives Purchase alternativer The company can purchase the cars, in the past, and sell the cars after three years of use. Ten cars will be needed, which can be purchased at a discounted price of $24,000 each. If this alternative to accepted, the following conte vill be incurred on the feet whole Annual out of servicing, taxes, and licensing Repairs, first year Repairs, recond year Hepaire, third year $ 4.000 $ 1,900 $4.400 $6,000 At the end of three years, the fleet could be sold for one-half of the original purchase price. Lease alternative The company can lease the cars under a three-year tesse contract. The lease cost would be 559.000 per year the first payment due at the end of Year 1). As part of this lease cont the owner would provide all servicing and repairs, license the cars, and pay all the taxes. Riteway would be required to make $15,000 security deposit at the beginning of the lease period, which would be refunded when the cars were returned to the owner at the end of the lease contract. Riteway Ad Agency's required rate of return is 18% Click here to view Exhibit 128-1 and Exhibit 128-2. to determine the appropriate discount factors) using tables