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Automobiles of the future will most likely be manufactured largely with carbon fibers made from recycled plastics, wood pulp, and cellulose. Replacing half the ferrous

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Automobiles of the future will most likely be manufactured largely with carbon fibers made from recycled plastics, wood pulp, and cellulose. Replacing half the ferrous metals in current automobiles could reduce a vehicles weight by 65% and fuel consumption by 30%. One impediment to using carbon fibers in cars is cost. If the justification for the extra sticker price of carbon-fiber cars is solely based on fuel savings, how much extra sticker price can be justified over a six-year life span if the carbon-fiber car would average 44.2 miles per gallon of gasoline compared to a conventional car averaging 34 miles per gallon? Assume that gasoline costs exist2.70 per gallon, the interest rate is 22% per year, and 125,000 miles are driven uniformly over six years. The extra sticker price that can be afforded is exist (Round to the nearest dollar.)

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