Hoi Chong Transport. Ltd. operates a fleet of delivery trucks in Singapore The company has determined that it a truck is driven 105,000 kilometers during a year, the average operating cost is 11.6 cents per kilometer It a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.3 cents per kilometer. Using the high-low method, estimate the variable and fixed cost elements of the annual cost of the truck operation (Do not round your intermediate calculations. Round the Variable cost per kilometer to 3 decimal places and Fixed cost answer to nearest whole dollar amount.) Express the variable and fixed costs In the form Y = a + bX (Do not found your intermediate calculations. Round the Variable cost per kilometer to 3 decimal places.) If a truck were driven 87.500 kilometers during a year. What total cost would you expect to be incurred? (Do not round intermediate calculations.)