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Hol Chong Transport, Ltd. operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 114,000 kilometres during a year, the average operating cost is 12509 cents per kilometre. If a truck is driven only 79.000 kilometres during a year, the average operating cost increases to 15.4 cents per kilometre (The Singapore dollar is the currency used in Singapore) Required: 1. Using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation (Round the Variable cost" to 5 decimal places. Round "Fixed cost" to 2 decimal places.) Variable cost Fored cost per kilometre per year 2. Express the variable and fixed costs in the form Y= a - OX (Round the "Variable cost" to 5 decimal places. Round Fixed cost" to 2 decimal places.) X 3. a truck were driven 89.000 kilometres during a year, what total cost would you expect to be incurred? (Do not round Intermediate calculations. Round "Total annual cost" to 2 decimal places.)