Ford Credit ran an advertisement offering three alternatives for a 24-month lease on a new Lincoln automobile. The three alternatives were zero dollars down and $587 per month for 24 months, $1,975 down and $499 per month for 24 months, or $12,283 down and no monthly payments.20 Your boss asks you to prepare an analysis of the three alternatives assuming a 12 percent annual return compounded monthly is the relevant interest rate for the company. Present your analysis and make a recommendation to your boss in a one-page business memorandum. Use Table 2 in the appendix on present value tables to determine which is the best deal. How would your recommendation change if the interest rate were higher? If it were lower?