Question: please show steps. no excel. Determine the hourly owning and operating cost for the third year of operation for the wheel loader described below: PurchasePrice-$400,000Tirecost$25,000FuelCost$4.35InvestmentRate12%SalvageValue-$85,000LoadCondition-AverageOperatingHours1750/yr.Tax,StorageRate15%UsefulLife-5yearsOperatingCondition-Averag

please show steps. no excel. Determine the hourly owning and operating

cost for the third year of operation for the wheel loader described

please show steps. no excel.

Determine the hourly owning and operating cost for the third year of operation for the wheel loader described below: PurchasePrice-$400,000Tirecost$25,000FuelCost$4.35InvestmentRate12%SalvageValue-$85,000LoadCondition-AverageOperatingHours1750/yr.Tax,StorageRate15%UsefulLife-5yearsOperatingCondition-Averag Straight Line Depreciation

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