A construction company considers to renew its truck fleet. The model that the company considers cost $70,000 and has a useful life of nine years. The operating cost of the truck is $0.05/mile+$3,000 in the initial year, which are expected to increase by 3% every year in the following years.The salvage value at the end of nine years of service is $10,000. Each truck is planned to be driven 10,000 miles every year and the companys MARR is 14%. Determine the equivalent annual cost of owning and operating the model under consideration. A) $3,852 B) $18,003 C) $17,382 D) Answers A, B and C are not correct