Need help solving this in excel. please show formulas and explain how you got your answer.

00 Intro Your company needs a new corporate jet for 5 years. You can either buy or lease it. If you lease it, you need to make a lease payment at the beginning of each year. All prices are in $ million. B 1 Price of jet 2 Resale value after 5 years 6 3 Annual lease payment 4 Number of lease payments 5 5 Interest rate 8% 12 1.2 Part 1 1 IB Attempt 2/30 for 10 pts. What is the net advantage to leasing, i.e., the incremental NPV of leasing relative to buying (in $ million)? 2+ decimals Submit