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Because of its age, your car costs $ 4 , 0 0 0 annually in maintenance expense. You could replace it with a newer vehicle

Because of its age, your car costs $4,000 annually in maintenance expense. You could replace it with a newer vehicle costing $8,000. Both vehicles would be expected to last four more years. If your opportunity cost is 8 percent, by how much must maintenance expense decrease on the newer vehicle to justify its purchase?
Question 26Select one:
a.
$1,782
b.
$1,585
c.
$1,679
d.
$1,890

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