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Check my work Kristen Lu purchased a used automobile for $23,750 at the beginning of last year and incurred the following operating costs Depreciation ($23,758

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Check my work Kristen Lu purchased a used automobile for $23,750 at the beginning of last year and incurred the following operating costs Depreciation ($23,758 5 years) Insurance Garage rent Automobile tax and license Variable operating cost s 4,750 2,500 $ 1,3e0 650 $ e.13 per mile The variable operating cost consists of gasoline, oil, tires, maintenance, and repairs. Kristen estimates that, at her current rate of usage, the car will have zero resale value in five years, so the annual straight-line depreciation is $4,750. The car is kept in a garage for a monthly fee. s Required: 1. Kristen drove the car 23,000 miles last year Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) operating cost per mile cost per mile Prey 2of 2E Next

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