A 262-Fwhp diesel-powered wheel loader will be used to load shot rock. What is shot rock?(write your answer above the equation) This loader was purchased for $350,000. The estimated salvage value at the end of 4 years is $86,000. The company's cost of capital is 7.2%. A set of tires costs $36,000. THe work effeciency will be equal to a 45-min hour. The engine will work at full throttle while loading the bucket (33% of the time) and at three-quarter throttle to travel and dump. The crankcase capacity is 12 gallons and the company has a policy to change oil 100 hr on this job. THe annual cost of repairs equals 65% of the straight-line machine depreciation. FUel cost is $3.25/gallon, and oil is $4.55/ gallon. The cost of other lubricants and iflters is $.45/hr. Tire repair is 18% of tire depreciation. THe tires should give 3,400 hr of service. THe loader will work 1,600 hr/yr. In this usage, the estimated life for bucket teeth is 120 hr. The local price for a set of teeth is $700. What is the operating cost for the loader in the application? ($62.732/hr)