Sulaiman just graduated from his study last year. Currently, he started working with one company in Alor Setar, Kedah and his job requires him to travel frequently. Sulaiman has two choices whether to...

Extracted text: Sulaiman just graduated from his study last year. Currently, he started working with one company in Alor Setar, Kedah and his job requires him to travel frequently. Sulaiman has two choices whether to purchase or to lease a car. The following information is available for him to make the decision. Purchase cost Down payment Loan payment monthly Estimated value Leasing cost Security deposit Lease payment per month RM4,900 RM520 for 108 RM860 RM598 for 96 months months of vehicle at end End-of-lease of loan RM24,000 RM1,850 charges term/ownership period Opportunity cost interest rate: 5% i) Based on the information above, determine which alternative should be considered by Sulaiman. Prove your answer with calculation.