Suppose it costs $20,000 to purchase a new car. The annual operating cost and resale value of a used car are shown in the file P05_60.xlsx. Assume that you presently have a new car. Determine a...

Suppose it costs $20,000 to purchase a new car. The annual operating cost and resale value of a used car are shown in the file P05_60.xlsx. Assume that you presently have a new car. Determine a replacement policy that minimizes your net costs of owning and operating a car for the next six years.