Ashton Baxter, a fleet manager from ABC Truck Operation has compiled a set of estimated costs and salvage value for Truck Model A over the past few years of operation. The set of data compiled is shown below. The original purchase price of Truck Model A at year 0 is $112,000.00. ABC Truck Operation's financial policy states that the minimum return on investment is at a yearly effective interest rate of 12% compounded quarterly. Original purchase price at year 0:$112,000.00 i. Compute the yearly nominal interest rate for the minimum return on investment. (Provide your answer in percentage and to 2 decimal place) ii. Draw the cash flow diagram for owning and maintaining Truck Model A for 7 years. (Truck Model A is sold at end of year 7 ) iii. Compute the equivalent constant annual cost of owning and maintaining truck model A for 7 years. iv. Which year should Ashton Baxter replace the existing truck with a new truck of same model? Assume that the maintenance cost and salvage of the truck Model A for the different years of ownership does not change with time? Explain