A Tesla Model - S (Electric Vehicle) has an active life of 8 years and costs $75,000. The interest rate is 12%. The estimated trade-in schedule and annual O&M costs are given below. What is the lowest annual average cost? (Mark the closest answer) Year Trade-in Schedule O&M Schedule 1 $70,000 $1,000 $68,000 $1,500 $65,000 $2,000 $63,000 $3,000 $60,000 $2,000 $55,000 $2,500 $52,000 $3,500 $50,000 $4,200 $12,879 $11,852 $11,285 $13,179 $13,294