Question: Please answer them ASAP and show your work. You have been asked to give an economical assessment based on ownership cost and operating cost ($/hr)

Please answer them ASAP and show your work.

Please answer them ASAP and show your work. You

You have been asked to give an economical assessment based on ownership cost and operating cost ($/hr) of a loader with the purchase price of $330000. Using straight line depreciation method, the machine is expected to be used for 6 years and is expected to be sold for $55000 at the end of the 6th year. A set of tires for this loader, which should give 3000 hrs of service, cost $35000. The annual cost of repairs equals 70% of the straight-line machine depreciation. Tire repair is 17% of tire depreciation. The loader is expected to work 1500 hr/yr. The oil consumption of the loader is 0.237gal/hr and fuel consumption of the loader is 7.215gal/hr; oil is $3.00/gal and fuel cost $1.15/gal. The cost of other lubricants and filters is $0.65/hr. The annual interest rate is 6%. a) What is the cost per hour of owning the loader? $ Whr (keep 2 decimal places) b) What is the hourly repair cost of the loader? $ Whr (keep 2 decimal places) c) What is the hourly cost of the tires? Vhr (keep 2 decimal places) d) What is the total hourly cost of operating this loader? Vhr (keep 2 decimal places)

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