X Problem P8-1 (similar to) Determine the total first-year cost of car ownership for Milagros. She just purchased a vehicle valued for $21,550 with the following costs: Auto Loan Amount, $21,550; Duration, 4 years; APR, 8.00 percent Property Taxes : 1.18 percent of vehicle value/year Sales Taxes 2.05 percent of the sales price Title and Tags - $27.46/year Insurance $1,768.33/year Maintenance and Usage : $1,554.13/year Click on the table icon to view the MILPF table The first-year cost of ownership for a vehicle valued and purchased for $21,550 is $ (Round to the nearest cent.)