The initial price for an excavator is $180613 and it can be sold against $24404 after 5 years. Assume that the cost of borrowing money is 8% and 4% is a foreseen risk allowance. The annual maintenance and repair cost is estimated to be around 20% of the annual straight line depreciation. Fuel cost is 2 $/liter and the excavator consumes fuel at a rate of 240 liter/week. On average, the excavator can produce 40 m /hour and it is expected to work 30 hours/week. Accordingly, find the ownership cost per hour? i(1 + i)" 1 A =P (1 + i)"-1 (1+1)-1 Important note, input numbers only and round your final answer to the nearest two decimal places