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Kelly wants to buy a car that costs $22,000 with a projected annual operating and maintenance cost of $1,000 and a salvage value of $8,000

Kelly wants to buy a car that costs $22,000 with a projected annual operating and maintenance cost of $1,000 and a salvage value of $8,000 after 4 years. If the cash flows are discounted annually at 10 percent what is the total cost of ownership for this purchase?

A. -$18682

B.-$16598

C.-$17287

D.-$20127

E.-$19706

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