Problem
Are you thinking of bypassing a gasoline fueled car in favor of a hybrid (gasoline and electric) automobile? Let's take a look at the relative economics of your possible choice. The gasoline-fueled car sells for $20,000 and gets 25 miles per gallon (mpg) of fuel. The alternative hybrid vehicle sells for $25,000 and averages 46 mpg. The resale value of the hybrid car is $2,000 more than that of the gasoline-only car after five years of anticipated ownership. If you drive 15,000miles per year and gasoline costs $4.00 per gallon, what is the internal rate of return on the incremental investment in the hybrid automobile?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.