In 2008, when gas were at an all time high( more than $3.57 per gallon) Chrysler Motor company promoted its Jeep with the offer of either $3,350 off the price of the vehicle or the guarantee that the buyer would not pay more than $2.45 per gallon of gas for the next three years( the details of the guarantee could vary by the dealer)

1 Assume that the Jeep vehicle that you were interested in only got 15mpg combined city/highway, and that at the time of purchase gas was expected to average 4.67 gallon over the next three years. How many miles would you have to drive in the next three years to make the guarantee more attractive than the $3,350 discount

2 Assume the same information was in requirement 1,expect the average price of gas for the next three years is not known and you are likely to drive $7,250 per year. What would the break even gasoline price in the coming three years need to be to make you indifferent between the two options