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Assume that you are considering to buy a Toyota Corolla automobile

Economics

Assume that you are considering to buy a Toyota Corolla automobile. You need to select one of the Diesel and Gasoline option. The related information is given in the following table. The car will be used for 5 years and then it will be sold. What is the annual average distance that makes Diesel and Gasoline option equivalent (1=10%). Price (TL) Insurance (TL/year) Fuel cost (LTL) Fuel consumption (Lt/km) Salvage value after 5 years. (TL) Diesel 94000 700 4.44 0.042 70000 Gasoline 78000 700 5.16 0.058 58000 Select one: O a. 27000 - O b. 17000 O c. 12000 O d. 7000 O e. 37000 O f. 19992

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