Exercise 11-14 (Algo) Identification of Relevant Costs [LO11-1) Insurance $ 2,900 $ 770 Kristen Lu purchased a used automobile for $28,150 at the beginning of last year and incurred the following operating costs: Depreciation ($28,150 5 years) $ 5,630 Garage rent $ 1,500 Automobile tax and license Variable operating cost $ 0.15 per mile The variable operating cost consists of gasoline, oil, tires, maintenance, and repairs, Kristen estimates that, at her current rate of usac the car will have zero resale value in five years, so the annual straight-line depreciation is $5,630. The car is kept in a garage for a monthly fee. Required: 1. Kristen drove the car 27000 mdes last year. Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) Average fixed cost per mile Variable operating cost per mile Average cost per mile