Question 1: (6 points) A company having a cost of capital rate of 8% purchases a $200,000 track loader. This machine has an expected service life of 5 years and will be used 2,000 hrs per year. The estimated salvage value at the end of 5 years is $40,000. Fuel, oil, grease, and minor maintenance are estimated to cost $35.00 per operating hour. No tire replacement since this is a track machine. TABLE 2.1 Economic analysis relationships Name Symbol Converts Icon Formula Single payment SPCAF given P to F (FIP, %n) (1 - 1) compound amount factor Present worth compound PWCAF given F to P (P/F%, n) 1/(1+1) amount factor Uniform series compound USCAF given A to F (FIA, 1%, n) (1+1)-1 amount factor Uniform series sinking USSFF given F to A (AIF, %, n) fund factor (1+1) - 1 Uniform series present USPWF given A to P (PIA. 7%, n) (1+1) - 1 worth factor 1(1+" Uniform series capital USCRF given P to A (AIP.7%, n) /(1+ recovery factor (1+1)" - 1 a) Calculate the annualized ownership cost. b) Calculate the annualized operating cost. c) Calculate the annualized salvage cost