Calculate the expected hourly owning and operating cost for the first year of operation of a seraper described below: Delivered price = SR 350,000 Depreciation method=Double Declining Balance method Tire cost-SR 32,000 Fuel cost=SR 1.311 Expected life = 10 years Rated horsepower = 420 kW Hours operated = 2000 h/yr Investment interest), tax, insurance, and storage rate = 18% Estimated salvage value = SR 50,000 Fuel consumption factors = 0.052 l/h/kW Operator's wage = SR 35.00/h Service cost factors (% of hourly fuel cost)= 33% Tire Life - 2500 h Lifetime repair cost (% of initial cost less tires)=90% Marl Cost Calculation SR Owning cost 6 1. Depreciation cost 2. Investment, tax, insurance, and storage 2 Total Owning Cost Operating Cost 1. Fuel Cost 3 2. Service cost 3. Repair Cost 4 4. Tire Cost Total Operating Cost 2 TOTAL O&O Cost