(1) The Toyota forklift shown in Figure 1 is amortized for 7 years. The fuel cost is estimated to be $15 per 8 hour of operation, and the maintenance cost is estimated to be $2.00 per hour. The operator is paid according to Ontario forklift operator wage of $16.88 per hour per hour (including fringe benefits) and the truck operates 330 days a year. If the truck travels an average of 84,400 ft. per day (equivalent of 2 miles per hour; at 8 hour per day), determine the cost per foot. (Note: 1 mph = 5280 ft./hour)