Score: 0 of 2 pts 10 of 16 (10 complete) Problem S5.6 Using the crossover mileag

Question

Score: 0 of 2 pts 10 of 16 (10 complete) Problem S5.6 Using the crossover mileage between the hybrid vehicle and the alternative vehicle from a competing auto manufacturer below, what is the crossover point in years? Hybrid Vehicle Vehicle Purchase Cost Vehicle Operating Cost per Mile Useful Life of Vehicle Miles per Year Miles per Gallon Average Fuel Price per Gallon $17,500 $0.13 15 15,000 31 $3.51 Alternative Vehicle Vehicle Purchase Cost Vehicle Operating Cost per Mile Useful Life of Vehicle Miles per Year Miles per Gallon Average Fuel Price per Gallon $20,000 $0.08 15 15,000 35 $3.51 Given that the crossover mileage is 39,720 miles, the crossover point in years isyears (round your response to two decimal places).

Explanation / Answer

Crossover mileage = 39720

Miles per year = 15000

Crossover point in years = 39720/15000 = 2.648 years = 2.65 years

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