Eight years ago, Ohio Valley Trucking purchased a large$-$capacity dump truck for $$118,000$ to provide short$-$haul earth$-$moving services. The company sold it today for $$45,000.$ Operating and maintenance costs averaged $$11,000$ per year. A complete overhaul at the end of year $4$ costs an extra $$3600.$ Calculate the annual cost of thetruck at i $=8\%$ per year