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Daniel Ricardo is considering purchasing a new car. The price of the car is $34000, and Daniel hopes to keep it 4 years and then

Daniel Ricardo is considering purchasing a new car. The price of the car is $34000, and Daniel hopes to keep it 4 years and then sell it for $12500. Based on past experience, Daniel drives about 10,000 km per year and lives in a downtown apartment where they must pay a $39 per month parking fee. Daniel has budgeted the following automobile expense items for the next 4 years: Expense Gasoline(7.9L Per 100KM)($2.2 Per Liter) Licence/Registration insurance Maintenance Tires ($1582 per set that last 48000KM) Parking (48 Months) Interest Depreciation (STRAIGHT LINE) Cost S. $416 $2686 $800 S $1872 $1750 S Fixed/Variable Variable Fixed Fixed Variable Variable Fixed Fixed Fixed CALCULATE THE FOLLOWING USING THE ABOVE INFORMATION: TOTAL KMS ITATAI DIVER AMOTO ITEAI AUR DIVER AMOTO I I/RA 40000KM TOTAL FIXED COSTS (TFC) TOTAL VARIABLE COSTS (TVC) TOTAL COSTS (TC) AVG. FIXED COSTS / KM S S AVG. VARIABLE COSTS / KM AVG. TOTAL COSTS/KM 40000KM S S Daniel and their friend Jill plan to drive the car to Marineland for a trip. The one way trip from Edmonton to Marineland is expected to be 3350 km, and they plan to split the car costs 50-50. Calculate the TOTAL cost of the trip under the assumption that costs are split as follows. Total KMs Drive on the ROUND trip to Marineland Cost of Gas Only Variable Cost Only Total Costs KM S S O

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