Problem $1)$

Calculate the expected hourly owning and operating cost for the second year of operation of the Push$-$Pull and elevating scraper described below.

$,$ Total our per year $=3500hr$

$,$ Cost delivered $=$$$151,000$

$,$ Tire cost $=$$$15,000$

Estimated life $=6$ years

$,$ Salvage value $=$$$32,000$

Depreciation method $=$ Straight line method

Investment $($interest$)$ rate $=6\%$

Tax, insurance, and storage rate $=3\%$

Operating conditions $=$ Favorable

$,$ Rated power $=320hp$

Fuel price$=$ $$\frac{1\mathrm{.}4}{g}al$

$,$ Operator's wages $=$$$\frac{9\mathrm{.}00}{h}$