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You just wrecked your car. An automobile dealer offers you AED5,000 for the car as is. Your insurance company estimates that there is AED3,000 of

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You just wrecked your car. An automobile dealer offers you AED5,000 for the car as is. Your insurance company estimates that there is AED3,000 of damage to your car. The insurance company can fix the car right away in a repair shop belonging to this company. Because you have collision insurance with AED 2,000 deductibility provision, the insurance company mails you a check for AED 2,000. The odometer reading on your wrecked car is 150,000 Km. Additional Information: You have AED 10,000 in savings. You can buy a newer car for AED13,000 with an odometer reading of 25,000 Km. After repairing the wrecked car, it can be sold for AED6,500. A discount repair shop charges AED 2,000 and requires 1 month. A car rental for one month is AED3,000 Develop all possible cashflow alternative scenarios for this

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