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can u help me solve this step by this. no excel solution 2. En Zulkiflee is considering to purchase either a Proton Saga 1.6 AT

can u help me solve this step by this. no excel solution image text in transcribed
2. En Zulkiflee is considering to purchase either a Proton Saga 1.6 AT priced at RM50,000 or a Perodua Bezza 1.5 SE priced at RM60,000 financed by a 9-year loan with 3% p.a interest rate. It is estimated that the 1.6 Saga averages 13km/liter as compared to the 1.5 Bezza that claims to run up to 15km/liter. Supposed that the cost of maintenance for both car is estimated at 5 cents per kilometer. The car is to be used as a grab car business in Seri Iskandar, Ipoh Lumut area with average revenue (hire fee) of RM1.50 per kilometer with an estimate of 100 km per day for 5 day week (4 week per month). (a) Using a nominal fuel price for RON95 of RM2.00/liter, estimate total fuel costs for both model per month. (b) Evaluate the merit of business for each of the car model by estimating the revenue minus operating costs with project span for 9 years. (c) Evaluate the merit of business for each of the car model if the investment is to be recovered within 3 years

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