You own a cab company and are evaluating two options to replace your fleet. Either you can take out a five-year lease on the replacement cabs for $524 per month per cab, or you can purchase the cabs outright for $30,700, in which case the cabs will last eight years. You must return the cabs to the leasing company at the end of the lease. The leasing company is responsible for all maintenance costs, but if you purchase the cabs, you will buy a maintenance contract that will cost $108 per month for the life of each cab. Each cab will generate revenues of $1,094 per month. Assume the cost of capital is fixed at 12.5%. (Hint: Make sure to round all intermediate calculations to at least four decimal places.) a. Calculate the NPV per cab of both possibilities as a single event: purchasing the cabs or leasing them. b. Calculate the equivalent monthly benefit of both opportunities (as an ongoing investment). a. Calculate the NPV per cab of both possibilities as a single event: purchasing the cabs or leasing them. The NPV of leasing the cabs is $ per cab. (Round to the nearest dollar.) The NPV of buying the cabs is $ per cab. (Round to the nearest dollar.) b. Calculate the equivalent monthly benefit of both opportunities (as an ongoing investment). The equivalent monthly benefit of leasing is $(per cab. (Round to the nearest dollar.) The equivalent monthly benefit of buying is $ per cab. (Round to the nearest dollar.) You own a cab company and are evaluating two options to replace your fleet. Either you can take out a five-year lease on the replacement cabs for $524 per month per cab, or you can purchase the cabs outright for $30,700, in which case the cabs will last eight years. You must return the cabs to the leasing company at the end of the lease. The leasing company is responsible for all maintenance costs, but if you purchase the cabs, you will buy a maintenance contract that will cost $108 per month for the life of each cab. Each cab will generate revenues of $1,094 per month. Assume the cost of capital is fixed at 12.5%. (Hint: Make sure to round all intermediate calculations to at least four decimal places.) a. Calculate the NPV per cab of both possibilities as a single event: purchasing the cabs or leasing them. b. Calculate the equivalent monthly benefit of both opportunities (as an ongoing investment). a. Calculate the NPV per cab of both possibilities as a single event: purchasing the cabs or leasing them. The NPV of leasing the cabs is $ per cab. (Round to the nearest dollar.) The NPV of buying the cabs is $ per cab. (Round to the nearest dollar.) b. Calculate the equivalent monthly benefit of both opportunities (as an ongoing investment). The equivalent monthly benefit of leasing is $(per cab. (Round to the nearest dollar.) The equivalent monthly benefit of buying is $ per cab. (Round to the nearest dollar.)