Answer question 67 HANDWRITTEN PLEASE

Question 67.NPV;Daughtery Car Hire: Puzzel of should you buy a car verses rent a car if you are using the car for 2 year. Hurtle rate 4%, your income tax rate is 26%. Consider tax shield of yearly depreciation and tax loss Buy Car and sell it You buy a $17,000 Car Bluebook car January year 1, 2012 (period 1)which has a 5 year depreciable life is sold in year 2 December 2014 (period 24)for Kelly Blue Book value $9000 Insurance on car is $150 monthly, maintaince is $200 for month 1-5, $220 for months 6-12. $250 for month 13-21, and $255 for months 22-24 RENTAL CAR You can rent the same car for $600 monthly. Insurance is the same, no maintence charge.PS CJ Daughtery called me up in Dubai after I left to complain about "taking advantage of him. Explain Which choice buy or rent; is better