I need help with a & b

2) As an agribusiness consultant, your client asked for your advice in purchasing a new crew- cab pickup. He has asked you to help him calculate both the cash only costs and total costs (sum of cash & non-cash) of ownership (per year) so that he has management information from which to calculate bid prices for various projects. Note that total costs include both cash and non-cash costs (while cash-only costs do not include no-cash items). Use the information below: Purchase PricePP: $42.000 Maintenance and Repair. 50.05 per mile Salvage Value 58,000 Opportunity interest rate: 5% per year Useful life: 10 years Am Usage: 18,000 miles Fuel usage: 13 mile per gal Taxe 1% of average asset value Fuel cost $3.75 gal 4% of PP year a) Calculate Total Fixed Costs. Show all calculations. (HINT: Recall DITI and associated formulas) b) Calculate Total Variable Cost. Show all calculations. HINT: Include the Opportunity Cost of the money used to pay for the variable expenses. Note that the opportunity cos of variable expenses - (sum of variable cash expenses) opportunity interest rate. In addition, consider maintenance and repair coses to be variable costs in this case, since these costs increase as miles driven increase 2) As an agribusiness consultant, your client asked for your advice in purchasing a new crew- cab pickup. He has asked you to help him calculate both the cash only costs and total costs (sum of cash & non-cash) of ownership (per year) so that he has management information from which to calculate bid prices for various projects. Note that total costs include both cash and non-cash costs (while cash-only costs do not include no-cash items). Use the information below: Purchase PricePP: $42.000 Maintenance and Repair. 50.05 per mile Salvage Value 58,000 Opportunity interest rate: 5% per year Useful life: 10 years Am Usage: 18,000 miles Fuel usage: 13 mile per gal Taxe 1% of average asset value Fuel cost $3.75 gal 4% of PP year a) Calculate Total Fixed Costs. Show all calculations. (HINT: Recall DITI and associated formulas) b) Calculate Total Variable Cost. Show all calculations. HINT: Include the Opportunity Cost of the money used to pay for the variable expenses. Note that the opportunity cos of variable expenses - (sum of variable cash expenses) opportunity interest rate. In addition, consider maintenance and repair coses to be variable costs in this case, since these costs increase as miles driven increase