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An aerodynamic three-wheeled automobile (the Dart) runs on compressed natural gas stored in two cylinders in the rear of the vehicle. The $15,000 Dart can cruise at speeds up to 80 miles per hour and it can travel 100 miles per gallon of fuel. Another two-seater automobile costs $12,000 and averages 50 miles per gallon of compressed natural gas. Assume a useful life of seven years for each car, similar salvage values, and similar maintenance costs.
a. If fuel costs $8.00 per gallon and the MARR is 10% per year, at what average annual miles driven would you be indifferent between the vehicles?
b. Over what range of annual miles driven is the Dart more economical?
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