Consider the following situation, which involves two options. Determine which option is less expensive. Are You currently drive 300 miles per week in a car that gets 20 miles per gallon of gas You are considering buying a new fuel-efficient car on your current car) that gets 47 miles per gallon. Insurance premiums for the new and old car are $900 and $400 per year, respectively $1000 per yoar on repairs for $17,000 (after trade-in for the old car and having no repairs on the new car. Assume gas costs $2.50 per gallon. Over a five-year period, is it less expensive to keep your old car or buy the new car? Over a fve-year period, the cost of the old car is sand the cost of the new car is S Round to the nearest dollar as needed) Thus, over a fve-year period, t is less e xpensive to Are there unstated factors that might affect your decision? Select all that apply A. Interest and number of years on any loans taken out to buy the new car B. Depreciation or future resale value for each car C. Government incentives to purchase a now fuel efficient car D. No, there are no unstated factors that might affect the decision D E. Any payments for purchasing the old car and number of payments remaining F Inflation D G. Time value of money