3) Create a SCRIPT file called vehicleCost.m, and solve the following inside it:7.17 In recent years, the price of gasoline has increased dramatically. Automobilecompanies have responded with more fuel-efficient cars, in particular,hybrid models. But will you save money by purchasing a hybrid such as theToyota Camry rather than a Camry with a standard engine? The hybridvehicles are considerably more expensive, but get better gas mileage.Consider the vehicle prices and gas efficiencies shown in Table P7.17.Table P7.17 A Comparison of Standard and Hybrid VehiclesYearModel2008Toyota Camry2008 Toyota Camry Hybrid2008 Toyota Highlander 4WD2008 Toyota Highlander 4WD Hybrid20082008Ford Escape 2WDFord Escape 2WD HybridBaseMSRP$18,720$25,350$28,750$33,700$19,140$26,495Gas Efficiency,in-town/highway21/31 mpg33/34 mpg17/23 mpg27/25 mpg (hybrids may actually getbetter mileage in town than on the road)24/28 mpg34/30 mpgOne way to compare two vehicles is to find the "cost to own."Cost to own = Purchase cost + Upkeep + Gasoline costAssume for this exercise that the upkeep costs are the same, so in ourcomparison we'll set them equal to zero.(a) What do you think the cost of gasoline will be over the next severalyears? Prompt the user to enter an estimate of gasoline cost in dollars/gallon.(b) Find the "cost to own" as a function of the number of miles driven for apair of vehicles from the table, based on the fuel price estimate frompart a. Plot your results on an x-y graph. The point where the two linescross is the break-even point.(c) Calculate the crossover point by creating a vector with the absolute value of thedifference between the cost vectors for the two vehicles. Then use min to find theminimum absolute difference in cost and its location in the cost vector (That is thecrossover point). Then use text to automatically position a label for the crossoverpoint on the plot. The label should include a string and the mileage, such asCrossover Point at 30000 miles The x location will be the mileage at the samelocation as the minimum difference.(d) Save your plot as vehicleCost.jpg (miles on the x-axis, cost on y-axis)

Step 1: Initialize the purchase cost of the vehicles and gas efficiency. Step 2: Prompt and accept the cost per gallon from the user. Step 3: Determine the gasoline cost by multiplying the miles and cost per gallon and dividing the value by gas efficiency. Step 4: Determine cost to own by summing up the purchase cost and gasoline cost at different values of miles. Step 5: Plot the miles and the cost for owning the vehicle for both the vehicles considered. Step 6: Find the minimum of the absolute difference between the costs. Step 7: Find its index in the cost vector. Step 8: Specify the miles and cost at the crossover point.% Comparison to be made between any pair of vehicles. % Toyota Camry (1) and Ford Escape 2WD (2) have been chosen for comparison % PC = Purchase cost, Upk = Upkeep, GC = Gasoline cost, GE = Gas efficiency (miles per gallon) PC1 = 18720; PC2 = 19140; GE1 = 21; GE2 = 24; Upk = 0; miles = 1000:1:15000; % Miles travelled - 1 to 50000 spaced in intervals of 1000 prompt = 'Enter an estimate of Gasoline cost in dollars/gallon '; Gcpg = input(prompt); % Gasoline cost per gallon GC1 = (miles*Gcpg/GE1); GC2 = (miles*Gcpg/GE2); Cost_to_own_1 = PC1 + Upk + GC1; Cost_to_own_2 = PC2 + Upk + GC2; plot(miles,Cost_to_own_1,miles,Cost_to_own_2); hold on title('Cost to own vs Miles driven') xlabel('Miles driven') ylabel('Cost ($)') legend('Toyota Camry', 'Ford Escape 2WD') grid on % To calculate the crossover point Diff_cost = abs(Cost_to_own_1 - Cost_to_own_2); [M,I] = min(Diff_cost); % M = min value, I = index of minimum value A = ['Crossover point is at ', num2str(miles(I)),' miles and ', num2str(Cost_to_own_1(I)),' dollars'] text(miles(I),Cost_to_own_1(I),'\leftarrow Crossover point') hold off