Question: Given the data in Problem S5.15 and an alternative hybrid vehicle with the specifications shown below: a) What is the crossover point in miles? b)

Given the data in Problem S5.15 and an alternative hybrid vehicle with the specifications shown below:

a) What is the crossover point in miles?

b) Which vehicle is has the lowest cost until the crossover point is reached?
VEHICLE PURCHASE COST $29,000 VEHICLE OPERATING COST PER MILE $0.08 USEFUL LIFE OF VEHICLE 10 years MILES PER YEAR 18,000 MILES PER GALLON 40 AVERAGE FUEL PRICE PER GALLON $2.55

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