1. A contractor purchases a tracked loader that has an initial cost of $100,000, a salvage value of $10,000, and an expected life of 5 years. Determine the hourly owning and operating costs for the loader given the following information. Use straight-line depreciation Rated power 300 hp Fuel cost $1.50/gal Load conditions average Operating conditions average Hours operated 2,000 hr/yr High-wear items $1.20/hr Use an average repair cost over the life of the loader Investment, Insurance, & Taxes 18% No storage costs 2. For the same loader from problem 1, determine the hourly owning and operating costs for each year of the loader's expected life given the following additional information. Use SOYD depreciation Use reverse SOYD to determine annual repair costs. 1. A contractor purchases a tracked loader that has an initial cost of $100,000, a salvage value of $10,000, and an expected life of 5 years. Determine the hourly owning and operating costs for the loader given the following information. Use straight-line depreciation Rated power 300 hp Fuel cost $1.50/gal Load conditions average Operating conditions average Hours operated 2,000 hr/yr High-wear items $1.20/hr Use an average repair cost over the life of the loader Investment, Insurance, & Taxes 18% No storage costs 2. For the same loader from problem 1, determine the hourly owning and operating costs for each year of the loader's expected life given the following additional information. Use SOYD depreciation Use reverse SOYD to determine annual repair costs