You're thinking of buying a car to travel around in, rather than using the train. You can buy an old second hand car for $3,000 now (t=0), and sell it after 12 years for $2,500 (t=12). You estimate that the car will cost $5,500 per year in fuel, insurance, registration and maintenance, paid in arrears, so there will be 12 payments from t=1 to t=12 inclusive. Find the equivalent annual cost (EAC) of the car if the required return is 10% pa. Select one: O a. $5,823 3817 O b. $9,259.7605 C. $39,678.7272 O d. $40,475.3048 e. $58,233.8158