5. Earthmovers, Inc. purchases a grader to maintain haul roads. The purchase price delivered is $165,000. Tires for this machine cost $24,000. The company believes it can sell the grader after 6 years (15,000 hrs.) of service for $26,000. There will be no major overhauls. The company's cost-of-capital is 7.3%, and its tax rate is 35%. There are no property taxes, but insurance and storage will run 3%. What is the owning cost for the grader? Calculate the hourly tax savings resulting from tax code depreciation using the 200% declining balance using the half-year convention. Assume that under the tax code the machine is a five-year property and that there had been no gain on the exchange that procured the machine. Show all your work. (40 Pts)