Could you answer 5.18? Thanks **Designing Operations****Problem S5.16**Given the data in Problem S5.15 and an alternative hybrid vehicle with the specifications shown below:a) What is the crossover point in miles? b) Which vehicle has the lowest cost until the crossover point is reached?| **Specification** | **Value** ||---------------------------------------|------------------|| **Vehicle Purchase Cost** | $29,000 || **Vehicle Operating Cost per Mile** | $0.08 || **Useful Life of Vehicle** | 10 years || **Miles per Year** | 18,000 || **Miles per Gallon** | 40 || **Average Fuel Price per Gallon** | $2.55 |This data is used to determine the financial efficiency and break-even point for considering the purchase of a hybrid vehicle, comparing its long-term cost benefits against initial expenses and operational efficiencies. ### Chapter Exercises**S5.17** Based on the crossover point in miles found in Problem S5.16, what is this point in years?**S5.18** Using the data from Problem S5.16, if gas prices rose to $3.00 per gallon, what would be the new crossover point in miles?**S5.19** Using the new crossover point in Problem S5.18, how many years does it take to reach that point? (Note: For a detailed application, refer to Problem S5.16 for necessary information on crossover points and calculations.)

b) Which vehicle is has the lowest cost until the crossover point reached? VEHICLE PURCHASE COST VEHICLE OPERATING COST PER MILE $0.08 USEFUL LIFE OF VEHICLE 10 years MILES PER YEAR 00 00 MILES PER GALLON 40 AVERAGE FUEL PRICE PER GALLON $2.55

b) Which vehicle is has the lowest cost until the crossover point reached? VEHICLE PURCHASE COST VEHICLE OPERATING COST PER MILE $0.08 USEFUL LIFE OF VEHICLE 10 years MILES PER YEAR 00 00 MILES PER GALLON 40 AVERAGE FUEL PRICE PER GALLON $2.55

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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