Prompt Parcel Service operates a fleet of delivery trucks in a large metropolitan area. A careful study by the companys cost analyst has determined that if a truck is driven 134,000 kilometres during a year, the average operating cost is 16.0 cents ($0.160) per kilometre. If a truck is driven only 74,000 kilometres during a year, the average operating cost increases to 19.0 cents ($0.190) per kilometre.

Using the highlow method, estimate the variable and fixed cost elements of the annual cost of operating a truck if it is driven 134,000 kms.