Question (3) A wheeled-tractor cost for $360,000 and its annual usage will be about 2,500 hours per year, salvage value at the end of tractor's useful life is estimated to be about 12% of the purchase price. the cost of replacing tractor blade cutting is $4000. The tire cost is about $75,000. The useful life is 6 years. If the work efficiency will be equal to a 50-min hour. The engine will work at full throttle while the loader push loading (25% of the time and at one-third (1/3) throttle to travel and position. The tractor is powered by a 200-horsepower diesel engine and diesel fuel costs $ 1.25 per gallon. (use C=5 gallon, T= 150 hr. Cost of filter, oil and grease (1.855/hr.) The contractor estimates his ownership cost factors to be: Interest: 5% Taxes: 2% Insurance: 1.5 % Storage: 1%. License: none Note: find the cost in 5/hr.), do not use any units, just write the number to the nearest tenth). you will use this question many times, keep your answer to reuse 1) Determine the book value for the tractor in the 2nd year using Sum-of-years-digits method? 2) What do you estimate the hourly maintenance and repair cost for the tractor to be under unfavorable operating conditions, at the end of 2nd year? 3) What is the hourly tire cost for the tractor under favorable conditions in the 2nd year of equipment life due to replacement only? (assume the hourly repair cost is 11% of the straight line hourly depreciation amount) 4) Find the fuel consumed per hour for the tractor under favorable operating conditions? 5) What is the estimated annual ownership cost of the tractor if it is operated under average condition use time value of money method)? 6) What is the hourly ownership cost due to insurance? A. $1.21/hr. B. $2911.5/hr. C. $1.165/hr. D. $7.66/hr. 7) What do you estimate the hourly filter, oil, grease cost to be for the tractor under average working conditions? A. $0.1095/hr. B. $0.101/hr. C. $0.1867/hr. D. $0.2027/hr.