Question: Based on the data provided here, calculate the items requested: Annual depreciation $ 2,500 Annual mileage 14,280 Current year's loan interest $ 690 Miles per

Based on the data provided here, calculate the items requested:

Annual depreciation $ 2,500 Annual mileage 14,280
Current year's loan interest $ 690 Miles per gallon 24
Insurance $ 815 License and registration fees $ 110
Average gasoline price $ 4.00 per gallon Oil changes/repairs $ 640
Parking/tolls $ 600

a. Calculate total annual operating cost of the motor vehicle.

b. Calculate operating cost per mile. (Round your answer to 2 decimal places.)

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