James bought a new car 4 years ago for $21.450. After 1 year, the car's value had depreciated to $17,589. After 2 years, its value had depreciated to $14,422.98. Today, James received an offer of $8,500 to sell his car.
Assuming the car kept depreciating at the same rate, should James accept?

1. Yes, James should accept the offer since his car is worth $7.952.37 today.

2. No, James should not accept the offer since his car is worth $9.698.01 today.

3. Yes, James should accept the offer since his car is only worth $6.006.00 today

4. No, James should not accept the offer since his car is worth $3,861.00 today.

5. There is not enough information to answer this question