Question: 2.17 Pushem Down clearing contractors purchases a dozer with a delivered price of $470,000. The company believes it can sell the used dozer after four

2.17 Pushem Down clearing contractors purchases a dozer with a delivered price of $470,000. The company believes it can sell the used dozer after four years (1,800 hr/yr) of service for $75,000. There will be no major overhauls. The company's cost of capital is 8.3%, and its tax rate is 35%. Property taxes, insurance, and storage will run 5%. What is the owning cost for the dozer? Use

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