2. Find the expected hourly total owning and operating costs for the fourth year of operation of the truck crane described below. Please show your work in the same format as in the textbook. (55 points) Cost delivered: $215,000 (including cost of first set of tires) Tire cost: $18,000 Estimated tire life: 10,000 hr Estimated life: 5 years; working 2,000 hr/yr Salvage value: $20,000 Depreciation method: double declining balance Special items: none Investment rate: 6% Insurance, tax, storage: 4% Load conditions: severe Operating conditions: severe Rated power of crane: 450 hp Fuel price: $3.50/gal Operator's wages: $90.00/hr 2. Find the expected hourly total owning and operating costs for the fourth year of operation of the truck crane described below. Please show your work in the same format as in the textbook. (55 points) Cost delivered: $215,000 (including cost of first set of tires) Tire cost: $18,000 Estimated tire life: 10,000 hr Estimated life: 5 years; working 2,000 hr/yr Salvage value: $20,000 Depreciation method: double declining balance Special items: none Investment rate: 6% Insurance, tax, storage: 4% Load conditions: severe Operating conditions: severe Rated power of crane: 450 hp Fuel price: $3.50/gal Operator's wages: $90.00/hr