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Acommuter ni the Great Toronto Area si choosing between two commuting cars of comparable sizes. The first si a traditional gasoline car and the second

Acommuter ni the Great Toronto Area si choosing between two commuting cars of comparable sizes. The first si a traditional gasoline car and the second si an all-electric car. Anticipated usage yb the commuter si 20,000 mk per year. The market value for both cars decreases by 10% per year (Declining Balance Depreciation). Given hte data ni hte table below and assuming that paying wil be ni cash, answer the folowing ta 0% interest rate.
Price
Consumption Fuel/Energy Price
Gasoline c a r $24,000
6.5 liters per 100 km $0.85 per liter
All-electric car $36,000
12 kWh per 10 km $0.14 per kWh
a) fI hte commuter si going ot resel the car after 3years, which car model si more economic? 7( Marks) What gas price would justify the all-electric model, over the gasoline model, if the commuter wil resel the car after 4 years? (9 Marks) c) How many years of usage will justify buying the all-electric model? (Hint: the answer could be a fraction value).

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