I need handwritten solution. Neat and clean correct solution would be upvoted. Thanks Ch8.2 q-5Suppose it costs $10,000 to purchase a new car. The annualoperating cost and resale value of a used car are shown in Table 4.Assuming that one now has a new car, determine a replacementpolicy that minimizes the net costs of owning and operating a carfor the next six years.TABLE 4ResaleAge of Car(Vears)OperatingCost (5)Value (5)7,000300 (year 1)6,0004,000500 (year 2)800 (year 3)3,0001,200 (year 4)2,0001,600 (year 5)1,0002,200 (year 6)

Explanation of Concept Annual Worth Concept of retention and replacement analysis, replacement…

uppose it costs $10,000 to purchase a new car. The annual perating cost and resale value of a used car are shown in Tabl assuming that one now has a new car, determine a replacemen olicy that minimizes the net costs of owning and operating a or the next six years. ABLE 4 e of Car Resale Value (5) Operating Cost (5) 7,000 300 (year 1) 6,000 4,000 500 (year 2) 800 (year 3) 1,200 (year 4) 3,000