1 Kristen Lu purchased a used automobile for $36,050 at the beginning of last year and incurred the following operating costs: 04:08:06 Depreciation ($36,050 + 5 years) $7,210 Insurance $3,800 Garage rent $2,000 Automobile tax and license $ 990 Variable operating cost $ 0.14 per mile eBook Hint The variable operating cost consists of gasoline, oll, tires, maintenance, and repairs. Kristen estimates that, at her current rate of usage, the car will have zero resale value in five years, so the annual straight-line depreciation is $7,210. The car is kept in a garage for a monthly fee. Required: 1. Kristen drove the car 28,000 miles last year. Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) eferences Average faced cost per mile Variable operating cost per mile Average cost per mile