Calculate the ownership cost per hour for a piece of equipment based upon the following information (round to the nearest cent): - Original purchase price =$155,255 - Anticipated salvage value =$55,097 - Estimated life =4 years - Interest cost at an interest rate of 5.9 percent - Tires cost $16,207 and are included in the purchase price - Horsepower rating =275 - Anticipated operating hours per year = 1,601 - Annual insurance cost =$2,716 - Annual taxes =$3,039 - Annual storage cost =$2,745