Your car is currently 3 years old and costs $2500 to drive and maintain. Concerned about the high maintenance cost of your gas vehicle, you are considering a new electric vehicle that will cost $25,000 today and last 7 years. The maintenance costs for this new car will be a mere $900 per year. Ignoring taxes and residual value, should you buy the new car or stick with it a little while longer? Assume a discount rate of 6%. PV of new car = ( ) Equivalent annuity = ( $ )