Instruction: Please submit your answer via Blackboard or email. If you made a mistake you have a second chance of submission. Your last submission will be graded. You can upload a single report file for all questions with name LOG410_HW2_FirstName_LastName. But if you choose to write your answers on paper and take pictures, please use A4-size paper and upload photos of multiple pages by LOG410_HW2_FirstName_LastName_p*, e.g., LOG410_HW2_Almet_Can_p2. Question 1: Suppose it costs $10,000 to purchase a new car. The annual operating cost and resale value of a used car are shown in the table below. Assuming that one has a new car at the beginning. Please determine a replacement policy that minimizes the total costs of owning and operating a car for the next five years. Age of Car (Years) Annual Operating Cost ($) Resale value ($) 0 300 1 500 7000 2 800 6000 3 1200 4000 4 1600 3000 5 1000 Question 1: Suppose it costs $10,000 to purchase a new car. The annual operating cost and resale value of a used car are shown in the table below. Assuming that one has a new car at the beginning. Please determine a replacement policy that minimizes the total costs of owning and operating a car for the next five years. Age of Car (Years) Annual Operating Cost ($) Resale value ($) 0 300 1 500 7000 2 800 6000 3 1200 4000 4 1600 3000 5 1000