What is the total vehicle life cycle cost of this hybrid car given the informati

Question

What is the total vehicle life cycle cost of this hybrid car given the information provided in the following table?

Vehicle Purchase Cost

$9,500

Vehicle Operating Cost per Mile

$0.14

Useful Life of Vehicle

13years

Miles per Year

14,500

Miles per Gallon

32

Average Fuel Price per Gallon

$3.74

Total Life Cycle Cost equals=$____? round your response to the nearest whole number

Vehicle Purchase Cost

$9,500

Vehicle Operating Cost per Mile

$0.14

Useful Life of Vehicle

13years

Miles per Year

14,500

Miles per Gallon

32

Average Fuel Price per Gallon

$3.74

Explanation / Answer

Vehicle purchase cost = $9,500

Vehicle lifecycle cost for operating = $0.14 per mile x 14,500 miles per yr. x 13 years = $26,390

Vehicle lifecycle cost for fuel = $3.74 per gallon x (1/32) gallons per mile x 14,500 miles per yr. x 13 years = $22,031

Total life cyclle cost = $9,500 + $26,390 + $22,031 = $57,921

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