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find the total operational cost of the following equipment per hour Toronto Learning Management System FAQ Cost of backhoe-5445,000 Horsepower rating 225 hp Cost of tires---$3,500 Salvage value $14,600 Useful life -8 years 1,600 hours per year Total interest -7 percent per year (for 60 months) Insurance $3,232 per year Taxes-$2.555 per year Storage $1,999 per year Fuel cost-$1.98 per liter Fuel consumption rate Assume low range of a diesel engine Power utilization 85 percent Use factor 40 minutes per hour Lubrication schedule-every 110 hours Oil labour = 45 hours Oil cost - $749 litre 8 litre / oil change Oil change labour cost = $55,86/ht The life of tires is one-tourth of the usetut lite of the equipment oil fiter $9.99 for every oil change Grease-1 tube per 8-hour shift at $9.50 Air filter $31.50 changed every 220 hours Repair to tires-15 percent of deprecation Recialisto caniment 120 percent. the find the total operational cost of the following equipment per hour Toronto Learning Management System FAQ Cost of backhoe-5445,000 Horsepower rating 225 hp Cost of tires---$3,500 Salvage value $14,600 Useful life -8 years 1,600 hours per year Total interest -7 percent per year (for 60 months) Insurance $3,232 per year Taxes-$2.555 per year Storage $1,999 per year Fuel cost-$1.98 per liter Fuel consumption rate Assume low range of a diesel engine Power utilization 85 percent Use factor 40 minutes per hour Lubrication schedule-every 110 hours Oil labour = 45 hours Oil cost - $749 litre 8 litre / oil change Oil change labour cost = $55,86/ht The life of tires is one-tourth of the usetut lite of the equipment oil fiter $9.99 for every oil change Grease-1 tube per 8-hour shift at $9.50 Air filter $31.50 changed every 220 hours Repair to tires-15 percent of deprecation Recialisto caniment 120 percent. the