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hybrid cars are touted as a green alternative: however,the financial aspects Hybrid cars are touted as a green alternative; however, the financial asp ownership are
hybrid cars are touted as a green alternative: however,the financial aspects
Hybrid cars are touted as a "green" alternative; however, the financial asp ownership are not as clear. Consider the 2020 Edsel 550h, which had $5,400 (including tax consequences) more than the comparable gasolir 550. Additionally, the annual ownership costs (other than fuel) for the expected to be $460 more than the traditional sedan. The EPA mileage est mpg for the hybrid and 17 mpg for the traditional sedan. a. Assume that gasoline costs $3.75 per gallon and you plan to keep eithe years. How many miles per year would you need to drive to make the dec the hybrid worthwhile, ignoring the time value of money? (Do not round in calculations and round your answer to nearest whole number, e.g., 32.) b. If you drive 17,000 miles per year and keep either car for six years, what pr gallon would make the decision to buy the hybrid worthwhile, ignoring the of money? (Do not round intermediate calculations and round your answ decimal places, e.g., 32.16.) c. Gasoline costs $3.75 per gallon and you plan to keep either car for six year many miles per year would you need to drive to make the decision to buy th worthwhile? Assume the appropriate interest rate is 10 percent and all cash occur at the end of the year. (Do not round intermediate calculations and r answer to the nearest whole number, e.g., 32.) d. If you drive 17.000 miles per year and keep either car forci gallon would mal Hybrid cars are touted as a "green" alternative; however, the financial asp ownership are not as clear. Consider the 2020 Edsel 550h, which had $5,400 (including tax consequences) more than the comparable gasolir 550. Additionally, the annual ownership costs (other than fuel) for the expected to be $460 more than the traditional sedan. The EPA mileage est mpg for the hybrid and 17 mpg for the traditional sedan. a. Assume that gasoline costs $3.75 per gallon and you plan to keep eithe years. How many miles per year would you need to drive to make the dec the hybrid worthwhile, ignoring the time value of money? (Do not round in calculations and round your answer to nearest whole number, e.g., 32.) b. If you drive 17,000 miles per year and keep either car for six years, what pr gallon would make the decision to buy the hybrid worthwhile, ignoring the of money? (Do not round intermediate calculations and round your answ decimal places, e.g., 32.16.) c. Gasoline costs $3.75 per gallon and you plan to keep either car for six year many miles per year would you need to drive to make the decision to buy th worthwhile? Assume the appropriate interest rate is 10 percent and all cash occur at the end of the year. (Do not round intermediate calculations and r answer to the nearest whole number, e.g., 32.) d. If you drive 17.000 miles per year and keep either car forci gallon would mal
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