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Your friend Harold is trying to decide whether to buy or lease his next vehicle. He has gothored information about each option but is not

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Your friend Harold is trying to decide whether to buy or lease his next vehicle. He has gothored information about each option but is not sure how to compare the altematives. Purchasing a new vehicle wal cost $36,500, and Harold expects to spend about $1,500 per year in maintenance costs. He would keep the vehicle for five years and estimates that the salvage value will be $14,500. Alternatively. Harold could lease the same vehicle for five years at a cost of $4,745 per year, including maintenance. Assume a discount rate of 12 percent. Peculfed: 1. Calculate the net present value of Harold's options. Euture Value of S1. Present Value or S1. EutureValue Annuly of S1, Present Yalue Annuity of S1) 2. Advise Harold about which option he should choose. Complete this question by entering your answers in the tabs below: 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.) Note: 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

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