Bike Share Toronto knows that it has to continually purchase and replace their bicycle fleet. In January of 2016. their inception year, Bike Share purchased 100 bicycles at a price of $500 per bicycle. Each bicycle has a life of 10,000 kilometers and an expected market salvage value $50. The average bicycle is ridden 2,000 km per year. The accountant is internally using a Unit-of- Production (with mileage) depreciation method. The bicycles fall under Class 9 Of the Capital Cost Allowance Rates, and the government requires a Capital Cost allowance Of 30%. You, now at the start of 2018, are a junior engineer at a consulting company helping to advise on a replacement schedule, and have determined the following information: The market salvage value of the old fleet decreases at the same rate as the internal depreciation. past year (2017) operating expenses for each bike were $200; they are expected to increase 10% per annum Price Of the best available replacement option: $900 per bike Economic life of the bogt available replacement option: 14.000 km End ot life salvage value of each Ot the replacement bicycles: $50 per Operating expenses for each replacement bicycle in the fleet: Sl and is expected to remain constant Bike ) What will the undepreciated capital cost of the existing bicycle neet be at the end Of 2020? (5 marks)