Unified Parcel, Inc., operates a local parcel delivery service. The company keeps detailed records relating to operating costs of trucks, and has found that if a truck is driven 153,000 kms per year the operating cost is 6.0 cents per km. This cost increases to 9.0 cents per km if a truck is driven 70,000 kms per year.

Required:

Estimate the cost formula for truck operating costs using the high-low method.

Round your variable cost to 4 decimals (i.e.) 0.1234 cents