Using the attached exhibit and the information below, what is the net cost of leasing this vehicle? To answer the question, use the following assumptions:

-The price of the car is $25,000 -The down payment required is 20% of the price of the car -The security deposit required is $400 -The sales tax rate is 10.25%. -GAP insurance on the lease is $120 -Interest lost or foregone is computed using a 4% after tax rate of return (use in Step 4) -The interest rate on the lease and loan is 5% (use in Step 6*). -The lease agreement is 36 months -The loan term is 60 months -Your resale/trade-in value for your vehicle is $6,000 -Disposition fee: $300 -Lease Payment: $350/month -Purchase Payment: $400/month

Round to the nearest cent. DO NOT INCLUDE COMMAS OR $.