Complete the simulation “Analyzing Lease vs. Buy Decisions” located on the page for this course and prepare a 750-1000-word summary in which you address the following:

For each of the major phases in the simulation, briefly describe:

The scenario

You are recommended solution(s), including why you made your decision(s)

Summarize the different capital budgeting concepts addressed in this simulation by answering the following questions:

a) What risks and uncertainties should be considered while making a lease vs. buy decision? How do these risks and uncertainties impact capital budgeting?

b) In what circumstances is a capital lease a better alternative to an operating lease? Under what circumstances is a capital lease a better alternative than buying an asset?

c) How do qualitative factors like the condition of an asset impact a final lease or buy decision?