Given the following information about the costs of automobile ownership, what is the total cost of ownership for the first year?
• First-year depreciation: $3,000
• Auto insurance cost: $200
• Registration and license: $250
• Regular oil changes: $120
• Monthly loan payment $293
• Gasoline costs $1,818
A. $3,570
B. $8,681
C. $8,904
D. $5,388