You are considering buying a new car, because you think it will save you money. Your think your old car will cost $2,000 in gas and maintenance next year (Year 1), and you expect that to increase by 5% every year until the end of Year 10. A new car will cost you $15,000 now (Year O). You think it will cost $400 in gas and maintenance next year (Year 1), and you expect that to increase by 3% every year until the end of Year 10. You need to decide if the new car is worth the investment. Assume an annual interest rate of 7% a. What is the equivalent present value of the maintenance costs of the old car? b. What is the equivalent present value of the maintenance costs of the new car? C. Is the new car worth the investment? a. What is the equivalent present value of the maintenance costs of the old car? $ (Round to the nearest cent - 2 decimal places) b. What is the equivalent present value of the maintenance costs of the new car? $ (Round to the nearest cent - 2 decimal places) c. Is the new car worth the investment? O A. Yes OB. No