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BI U A. A Tag : 2. 20 marks You are working for a company and use your own vehicle for business activities. The company
BI U A. A Tag : 2. 20 marks You are working for a company and use your own vehicle for business activities. The company has a policy that reimburses the use of personal vehicles for business travel. You are planning to use your own vehicle for the next three years and travel 15,500/y, 14,500/y, and 12,500/y kilometers respectively (year 1, year 2, and year 3). If the total annual operating vehicle costs are $7,006, $8,000 and $3,600 respectively (year 1, year 2, and year 3), and the annual interest rate is 15%, what is the annual cost per kilometer over the three year period? Solution Instructions: Method of analysis: PW. Other methods will not be graded Show your calculations in detail. Use 4 decimal points for the interest factors. Round off your final answer to the nearest number
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