Questions #$1,$ #$2,$ and #$3$ are about the following situation.

A company is launching a new product and must choose one of the following

prices to charge for the new product: $$5\mathrm{.}96,$$$6\mathrm{.}27,$$$6\mathrm{.}60,$ and $$6\mathrm{.}96.$ The

lifecycle costs of using the company's product, not including the price, is $$7\mathrm{.}50.$

The new product's closest competitor sells at a price of $$5\mathrm{.}90$ and the lifecycle

costs of using the competitor's product, not including price is $$12\mathrm{.}00.$

If the company charges a price of $$6\mathrm{.}60,$ what will be the total ownership cost

of its new product?

$$14\mathrm{.}10$

$$14\mathrm{.}10$

$$12\mathrm{.}00$

$$19\mathrm{.}50$