What is the total vehicle life cycle cost of a car that has the information provided in the following table?
Vehicle Purchase Cost $34,000
Vehicle Operating Cost per Mile $0.26
Useful Life of Vehicle 7 years
Miles per Year 20,000
Miles per Gallon 35
Average Fuel Price per Gallon $4.10
$34,000 + 7[(20,000/35 )($4.10 ) + (20,000 )($0.26 )] = $34,000 + 7($2,342.86 + $5,200 ) = $86,800.02
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