Question: Based on the data provided here, calculate the items requested: Annual depreciation $ 2,500 Annual mileage 13,320 Current year's loan interest $ 650 Miles per

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

Annual depreciation $ 2,500 Annual mileage 13,320
Current year's loan interest $ 650 Miles per gallon 24
Insurance $ 695 License and registration fees $ 70
Average gasoline price $ 4.00 per gallon Oil changes/repairs $ 400
Parking/tolls $ 440

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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