Q1. Using the following information, determine the ownership and operating costs for a scraper per hour. Actual cost delivered)-$162,000 including tires Horsepower rating 200 hp Cost of tires ---$6,000 Salvage value-$32,400 Useful life 6 years at 1,400 hours per year Total interest-7 percent per year Insurance-$3,240 per year Taxes-$3,645 per year > Storage $2,025 per year Fuel cost-$3.90 per litre Fuel consumption rate-Assume as per diesel engine (litres per hp per hour) Power utilization 85 percent Use factor 40 minutes per hour Lubrication 8 litres of oil at $4.50 per litre Oller labor 2.2 hours at $27.65/hour Lubrication schedule every 100 hours Oil filter (Every Oil change) --$8.70 Grease-1 tube per 8 hour shift at $7.00 Air filter-$17.00 changed every 200 hours (Neglect labor) Life of tires -3,500 hours Repair to tires-12 percent of deprecation Repairs to equipment-120 percent over useful life