The owner of Easi Taxi Ltd, is thinking about buying an expensive taxi to replace the old taxi. The new taxi would drive the same number of kilo meters as an old taxi and would rent the same parking space. The new taxi's variable operating costs would be same as the variable operating costs of the old taxi. However, insurance, registration, wages of the driver and license costs would increase. Required: Explain, the costs that are relevant in estimating the incremental costs of owning the new taxi for Easi Taxi Ltd.