$$19,750$ security deposit at the beginning of the lease period, which would be refunded when the cars were returned to the owner at the end of the lease contract

Wrongway's required rate of return is $18\%.$

Click here to view Exhibit $10-1$ and Exhibit $10-2,$ to determine the appropriate discount factor$($s$)$ using tables.

Use the total cost approach to determine the present value of the cash flows associated with each alternative. $($Negative amounts should be indicated with a minus sign. Round discount factor$($s$)$ to $3$ decimal places. Round other intermediate calculations and final answers to the nearest whole dollar amounts.$)$