USED

$3.$ Provide a description of vehicle #$1,$ anewer. Calculate its total cost of ownership, being as detailed as possible in your costs.

Note: All cash flows should be negative $($costs$),$ except for Salvage Value, which will be the only positive cash flow. Salvage Value will only occur ONE time, during the final year of ownership.

Calculate the Net Present Value of this series of cash flows using a discount rate of $5\%.$