Question $12,$ P $8-33($similar to$)$

HW Score: $53\mathrm{.}57\%,7\mathrm{.}5$ of $14$ points

Part $1$ of $3$

$($ Points: $0$ of $1$

Gateway Tours is choosing between two bus models. One is more expensive to purchase and maintain, but lasts much longer than the other. Gateway's discount rate is $10,6\%.$ The company plans to continue with one of the two models for the foreseeable future. Based on the costs of each shown here:

$$ which should it choose? $($Note; dollar amounts are in thousands.$)$

The EAA for the Old Reliable model is $ $($Round to two decimal places.$)$

Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$

$\backslash$table$[[$Model$,$Year $0,$Year $1,$Year $2,$Year $3,$Year $1,$Year $5,$Year $6,$Year $7],[$Old Reliable,$-$$$202,-$$$4\mathrm{.}1,-$$$4\mathrm{.}1,-$$$4\mathrm{.}1,-$$$2,-$$$4\mathrm{.}1,-$$$4\mathrm{.}1,-$$$4\mathrm{.}1$