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 -year-old used Jeep Grand Cherokee instead for $7,000 cash Sherry estimated the following costs for the two cars Trail Blazer 30,000 $7,000 0d Chetcke $7,000 Acquisition cost Repairs Annual operating costs (Gas, maintenance, insurance) $2,580 $1,700 What should John do? What are his savings in the first year? 0 A Buy the Grand Cherokee: $880 O B. Fix the Trail Blazer, $1.247 C. Fix the Trail Blazer, $4,380 D. Buy the Grand Cherokee: $8,700