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You are trying to pick the least expensive car for your new delivery service, You have two choices: the Sclon xA, which will cost $22,000

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You are trying to pick the least expensive car for your new delivery service, You have two choices: the Sclon xA, which will cost $22,000 to purchase and which will have OCF of $2.800 annually throughout the vehicle's expected life of three years as a de livery vehicle, and the Toyota Prius, which will cost $30,500 to purchase and which will have OCF of $1,450 annually throughout that vehicle's expected 4.year life. Both cars will be worthless at the end of their life. You intend to replace whichever type of car you choose with the same thing when its life runs out, again and again out into the foreseeable future. If the business has a cost of capital of 11 percent, calculate the EAC. (Negetive emounts should be indicotild by o minus sign. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Which one should you choose? Toyota Prius Srino A

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