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NET PRESENT VALUE It is 2013 and you are deciding between purchasing a Toyota Corolla and a Toyota Prius. Parameter Corolla Prius Miles/gallon 40 45

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NET PRESENT VALUE It is 2013 and you are deciding between purchasing a Toyota Corolla and a Toyota Prius. Parameter Corolla Prius Miles/gallon 40 45 Purchase cost $23,000 $25,000 Miles driven/day 50 miles Resale value $4,000 $6,000 Fuel costs $/gal, projected $4.50 $4.25 Battery replacement cost (after 8 years) N/A $5000 Years of car ownership 12 years Discount rate 6%

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