CAPITAL BUDGETING PROJECT DUE DATE: November 20,2023 , at 11:59pm. In this Capital Budreting Activity, yout will be evatuating whether you sherth purchase a hybrid car or its gasoline engine counternart Select two can models that are similar, with one being a hybrid model and one being the non-hybrid model. For example, the Honda Civic is avaltable as a hybrid of a gasoline-engine model. Use the Federal Reserve Bank Prime Loan rate B for your discount interest rate. Assume that you plan on keeping your car for 10 years and that the resale value of both models will be negligible. Assume the loan period is for 10 years as weil instructions: 1. Cite all sources used within the text body and end reference following the APA 7th APA is includec VIDEO B is helpful to learn how to use it. 2. Show ALL calculations in good form within the body of the text. DO NOT USE EXCEL FORMULAS. 3. Write your conclusion and decision for each question using full sentences. Seek help from the Univer 4. Pay attention to the instructions given for each questipn. Answer each questions carefully. 5. SUBMIT YOU PROJECT AS A PDF FILE IN Canvas Turnitin. Required: (Total points: 100) 1. (15 points) Research the cost of each model (include estimated taxes and title costs). Also. obtain an est 1. (15 points) Research the cost of each model (include estimated taxes and title costs). Also, obtain an estimate of the miles-per-gallon fuel efficiency of each model. 2. (10 points) Estimate the number of miles you drive each year, Also, estimate the costs of a gallon of fuel. 3. (15 points) Given your previous estimate from 1 and 2, estimate the total cost of driving the hybrid model for one year. Also, estimate the total cost of driving the non-hybrid model for one year. Calculate the savings offered by the hybrid model cver the non-hybrid model. 4. (15 points) Calculate the NPV of the hybrid model, using the annual fuel savings as the annual cash inflow for the 10 years you would own the car. 5. (10 points) Compare the NPV of the hybrid model with cost of the cost of the gasoline-engine model. Which model has the lowest NPV? From a financial standpoint, does the hybrid model make sense? 6. (15 points) Now look at the payback period of the hybrid model. Use the difference between the cost of the hybrid model and the gasoline:engine model as the investment, Use the annual fuel savings as the expected annual net cash inflow. Ignoring the time value of monn. how long does it take for the additional cost of the hybrid model to pay for itself through fuel savings? 7. (10 points) What qualitative factors might affect your decision about which model to purchase? 8. (10 points) Include professional reference of all sources used