1 ned t of You're thinking of buying a car to travel around in, rather than using the train. You can buy an old second hand car for $4,000 now (t=0), and sell it after 10 years for $2,000 (t=10). You estimate that the car will cost $3,500 per year in fuel, insurance, registration and maintenance, paid in arrears, so there will be 10 payments from t=1 to t=10 inclusive. Find the equivalent annual cost (EAC) of the car if the required return is 10% pa. Select one: O a. $25,505.9847 O b. $24,734.8982 c. $6,021.5796 O d. $4,025.4908 O e. $3,700 Clear my choice