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Upon Graduation, you decided to buy a new car and your main criteria is total cost over the next 2 years. You have taken Eng

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Upon Graduation, you decided to buy a new car and your main criteria is total cost over the next 2 years. You have taken Eng Econ, so you decide to do an NPV Analysis. You have two options which are leasing and financing. what is NIofxx:h option? which option is ihe besi: option if you want to minimize the cost of your new car? Assume you drive 20000 miles each year. Also, assume that if you drive more than 15000 mile, the lease company charges you, assume that your rate is 10%. Finance NPV Monthly payment at the beginning of each month) $420 Insurance (Pay at the beginning of each month) $80 Salvage value $15000

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