Ron Kane is a business traveler from city to city. He travels 15,000 miles per year. His company has two plans to reimburse him for the car expenses. He buys a used car for $18,000 but pays only $10,000 as he gets $8,000 as trade-in allowance. Ron keeps accurate records of his expenses totaling about 32.5 cents per mile. Two reimbursement policies are based on 1) actual expenses, and 2) based on Standard mileage rate as below: Actual Expenses: Ron will receive all his operating expenses plus $3,650 for car's decline in value. Standard Mileage rate: Ron will receive 54.5 cents per mile but no operating expenses and no depreciation allowance (decline in value of car). Ron wants to figure out for 15,000 miles travel which reimbursement policy gives more money? Can you help