Asphalt Pavers, Inc., purchases a loader to use at its asphalt plant. The purchase price delivered is $400,000. Tires for this machine cost $26,000. The company believes it can sell the loader after 6 years (2,800 hr/yr) of service for $92,000. There will be no major overhauls. The companys cost-of-capital is 6.31%. What is the depreciation part of this machines ownership cost? Use the time value method to calculate depreciation. ($18.191/hr)