Your friend Harold is trying to decide whether to buy or lease his next vehicle. He has gathered information about each option but i not sure how to compare the alternatives. Purchasing a new vehicle will cost $29,500, and Harold expects to spend about $800 pe year in maintenance costs. He would keep the vehicle for five years and estimates that the salvage value will be $11,700. Alternative Harold could lease the same vehicle for five years at a cost of $3,835 per year, including maintenance. Assume a discount rate of 10 percent. Required: 1. Calculate the net present value of Harold's options. (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign. Round your final answers to 2 decimal places. Do not round intermediate calculations.) Purchase Option Lease Option NPV 2. Advise Harold about which option he should choose. Lease Option Purchase Option