You are considering buying a new Honda CR-V and are trying to choose between the gas-only model ($26,500 and 28 miles/gallon) and the gas-electric hybrid model ($31,700 and 40 miles/gallon). If...

Extracted text: You are considering buying a new Honda CR-V and are trying to choose between the gas-only model ($26,500 and 28 miles/gallon) and the gas-electric hybrid model ($31,700 and 40 miles/gallon). If gasoline costs $2.80/gallon, how many miles per year must you drive for the hybrid to be worth the extra cost? Assume you will sell the car after 5 years for 60% of what you paid for it (Hondas hold their value really well) and your MARR is 6% per year