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please help!5 Your friend Harold is trying to decide whether to buy or...

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Accounting

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please help!5
Your friend Harold is trying to decide whether to buy or lease his next vehicle. He has gathered information about each option but is not sure how to compare the alternatives. Purchasing a new vehicie will cost $28,500, and Horold expects to spend about $700 per year in maintenance costs. He would keep the vehicle for five years and estimates that the salvage value will be $11,300. Aternatively, Harold could lease the same vehicle for five years at a cost of $3,705 per year, including maintenance. Assume a discount rate of 11 percent. Required: 1. Calculate the net present value of Harold's options. Euture Value of S1, Present Value of S1. Euture Valve Annuity of S1. Prestens Yalue Annuly of sis) 2. Advise Harcid about which option he should choose. Complete this question by entering your answers in the tabs below. Calculbte the net present value of Harolds options. (Future Value of \$1, Present Value of \$1, Future Value Annuity of \$1, Present value Annuity of \$1.) 51. Present Value Annuity of 1 1.) Notie: Use approprivie factor(s) from the tabies provided. Negative amounts should be indicated by a minus sign, Plound your final answers to 2 decimal places

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