lease involves a down payment of $7,000 at the time of signing the lease agreement and is considering buying or leasing a new car as a graduation reward. The $700 (end-of-period) monthly payments for 24 months. It does not have a salvage value or O&M costs. Buying the car involves a purchase price of $30,000 and monthly O&M costs of $100. The car will have a resale value of $20,000 at the end of 24 months. Using a MARR of 2% (monthly): IV-a) Draw the cash flow diagram for the incremental project (high cost- low cost option) [15pts]. ving or receiving any unautho lation of the Stevens Honor gotiable zero (0) on this exam a 1870 -b) Calculate the incremental IRR for the incremental project in part a). Use an initial ss of 2% [20pts].