Lifters Inc purchases a mobile crane. The purchase price delivered is $ 8,63,000. Tires for this machine cost $ 60,000. . The company believes it can sell the crane after 10 years (1500 hrs/yr)of service for $ 2,40,000. There will be no major overhauls. The company's cost of capital is 3.9 %. What is the depreciation part of this machine's ownership cost? Use the time value method to calculate depreciation