10) Flora's Flowers bought a new van last year for $10,000. It can now sell the van for $8,500. To buy this year's model it would have to pay $11,000. Flora's also had to take out a $9,000 loan to buy the van which had to be paid back in yearly installments of $3,300 per year over three years. What is the implicit rental rate of the first year's use of the van?

A) $2,800

B) $1,300

C) $1,800

D) $13,300

E) $4,800

Show all work (all calculations) and letter answer to get thumbs up- the answer is NOT 4800.