John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $7,000 to make it road worthy again. His wife, Sherry, suggested that he should buy a 5-year-old used Jeep Grand Cherokee instead for $7,000 cash. Sherry estimated the following costs for the two cars: Trail Blazer Grand Cherokee $27,000 $7,000 Acquisition cost Repairs Annual operating costs (Gas, maintenance, insurance) $7,000 $2,680 What should John do? What are his savings in the first year? A. Fix the Trail Blazer; $4,080 B. Buy the Grand Cherokee; $580 C. Fix the Trail Blazer; $7,347 D. Buy the Grand Cherokee; $9,100 - $2,100