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on excel please Your company has decided to limit the annual cost of ownership for vehicles to a maximum equivalent annual costs of $5,000 per

on excel please image text in transcribed
Your company has decided to limit the annual cost of ownership for vehicles to a maximum equivalent annual costs of $5,000 per year (assume it's like an annuity payment at the end of each year). You have the following information about a vehicle you are considering purchasing: . Purchase price of the vehicle today is $12,000. This vehicle will have maintenance expense of $3,000 per year (spent at the end of each of the next three years). Assume the company's opportunity cost of capital is 12%. What amount would the company have to sell the vehicle for three years from today to meet its goal of keeping the cost of ownership on vehicles at $5,000 per year in equivalent annual terms (i.e the company limit stated above)? Ignore taxes and depreciation

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