DigEmUp Construction purchases a wheeled bulldozer for $225,000 which includes the cost of tires at $10,000. The company expects to sell the bulldozer for 25% of its purchase price (including tires) at the end of its expected useful life of 14,400 hours. A major engine repair costing $20,000 is planned at 8,000 hours of use. How much should the owner of the machine charge on an hourly basis to recoup his ownership costs if it is expected to operate at 1,600 hours/year? The companys cost of capital rate is 5.5%. Include the cash flow diagram in your solution.