Kristen Lu purchased a used automobile for $22,900 at the beginning of last year and incurred the following operating costs:

Depreciation ($22,900 5 years)	$4,580
Insurance	$2,300
Garage rent	$1,200
Automobile tax and license	$620
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 usage, the car will have zero resale value in five years, so the annual straight-line depreciation is $4,580. The car is kept in a garage for a monthly fee.

Kristen Lu purchased a used automobile for $22,900 at the beginning of last year and incurred the following operating costs: Depreciation ($22,900 5 years) $4,580 $2,300 Insurance $1,200 Garage rent Automobile tax and license $620 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 usage, the car will have zero resale value in five years, so the annual straight-line depreciation is $4.580. The car is kept in a garage for a monthly fee. Required 1. Kristen drove the car 29,000 miles last year. Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) Fixed cost per mile Variable operating cost per mile Average cost per mile