4. You are considering a. an all-inclusive car lease for a simple rate of 20 cents per mile, or b. purchasing a used car for $10,000. You plan to sell the used car at the end of four years at a projected price of $3,000. Using breakeven analysis, determine how many miles-per-year the car must be driven so that leasing and buying are the same. Assume a 10% effective annual interest rate. Lease Purchase Purchase Cost N/A $10,000 Salvage Value N/A $3,000 Life in Years N/A 4 Annual Maintenance Cost N/A $350 Cost Per Mile $0.20 $0.05 Effective Annual Interest 10% 10% 4. You are considering a. an all-inclusive car lease for a simple rate of 20 cents per mile, or b. purchasing a used car for $10,000. You plan to sell the used car at the end of four years at a projected price of $3,000. Using breakeven analysis, determine how many miles-per-year the car must be driven so that leasing and buying are the same. Assume a 10% effective annual interest rate. Lease Purchase Purchase Cost N/A $10,000 Salvage Value N/A $3,000 Life in Years N/A 4 Annual Maintenance Cost N/A $350 Cost Per Mile $0.20 $0.05 Effective Annual Interest 10% 10%