You are evaluating the purchase of a vehicle for your business . You've decided that the best choice is a car that will cost you $.35,000 , but you're uncertain how long you should plan on holding the car before you replace it . The table below lists the running costs and salvage value of the vehicle for each year . 2 E 5 Alunning Costs - 3000 - 350 0 -4000 - 4500 - 5000 Salvage Value 25000 15000 10000 500.0 What is the annual equivalent cost of replacing the vehicle every 4 years ? Assume your cost of capital is 696 . Enter your answer to the nearest cent . Ignore taxes . ( Your answer will be a cast , and therefore a negative number . Don't forget the minus sign