John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $11,000 to make it roadworthy again. His wife, Sherry. suggested that he should buy a 5-year-old used Jeep Grand Cherokee instead for $11,000 cash. Sherry estimated the following costs for the two cars: Trail Blazer $25,000 $11,000 Grand Cherokee $11,000 Acquisition cost Repairs Annual operating costs (Gas, maintenance, insurance) $2680 $1600 What should John do? What are his savings in the first year? O Fix the Trail Blazer; $10,013 Fix the Trail Blazer: $6580 Buy the Grand Cherokee: 51080 Buy the Grand Cherokee: $12,600