Calculate the expected hourly owning and operating costs for 2 year for a wheel loader with the following information. Use the double declining balance method of depreciation. Delivered price (initial cost) Tire cost Estimated life Salvage value Investment cost for the 2nd year Tax, insurance and storage for 2nd year Operating conditions Rated power Fuel price Operator's wages Hours operated $550,000 $45,000 6 years $60,000 (first 2 digits of the student number) % of the delivered price (first two digits of the student number) % of the book value of 2nd year Severe 450 hp $3.5/gallon $50/hour 5 days a week and 8 hours per day Equipment remains idle (not working) for (last two digits of your student number) days during the year; 1 year-52 weeks=365 days Cost of special items $50/hour