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Cybil Baunt just inherited a 1958 Chevy Impala from her late Aunt Joop. Aunt Joop purchased the car 40 years ago for $8,000. Cybil is either going to sell the car for $10,000 or have it restored and then sell it for $22,000. The restoration will cost $9,000. Cybil would be financially better off by:

Respuesta :

Answer:

$3,000 to have the vehicle restored

Explanation:

Gain from sale of restored car:

= Sale price of car at restored values - Restoration cost

= $22,000 - $9,000

= $13,000

Financial benefit received due to restoration:

= Gain from sale of restored car - Amount received without restoration

= $13,000 - $10,000

= $3,000

$3,000 to have the vehicle restored

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