How will this change if the gas increases to $3.69? Please include the work.

SOLUTION Given Tax rate-21% Discount Rate-8% Purchase price Car Type Price Car A $ Car B S Miles Driven Milage Gas Price Annual Fixed Cost 2000 2000 22600 40000 37 2.68 25995 40000 46 2.68 Life Of Cars 4 Years 1) Statement Showing Calculation Of Net Income Amount Particulars Car A Car B Revenue Less Gas Expenses Less: Depreciation Lesss: Annual Fixed Cos Net income Before Tax Less :Tax @21% Net income After Tax No of VehicleS Total Net income 20000 2897.297297-2330.434783 6498.75 2000 20752.7027 22168.31522 -4358.067568-4655.346196 16394.63514 17512.96902 1000 16394635.14 17512969.02 20000 5650 2000 1000 Note:- Depreciation Is charged on SLM Basi.s Conclusion Since Net Income is Higher for Car B therfore go for Car B Note:- Depreciation is charged on SLM Basis Conclusion Since Net Income is Higher for Car B therfore go for Car B