The New Century College needs a fleet of sedans that are available for staff members to run college-related errands. The college has identified a properly equipped version of the Buick LaCrosse as the appropriate sedan for its needs. It negotiated a purchase price of $36,795 for this model. However, GM, the car manufacturer is currently offering to lease this very sedan for 5 annual payments of $7,600 with the first payment occurring right now. The College's borrowing rate is 6% and the college pays not taxes. GM pays taxes at 21% and can depreciate the car straight- line over 4 years with the first depreciation expense oscuring at time t=1. What is the NAL of the lease for the College? What is the NAL of the lease to GM? Will the College lease this fleet of sedans? The New Century College needs a fleet of sedans that are available for staff members to run college-related errands. The college has identified a properly equipped version of the Buick LaCrosse as the appropriate sedan for its needs. It negotiated a purchase price of $36,795 for this model. However, GM, the car manufacturer is currently offering to lease this very sedan for 5 annual payments of $7,600 with the first payment occurring right now. The College's borrowing rate is 6% and the college pays not taxes. GM pays taxes at 21% and can depreciate the car straight- line over 4 years with the first depreciation expense oscuring at time t=1. What is the NAL of the lease for the College? What is the NAL of the lease to GM? Will the College lease this fleet of sedans