We Deliver operates a eet of delivery trucks in Halifax. Analysis shows that ifa truck is driven 118,500 kilometres during a year, the average operating cost is 10.6 cents ($0.106) per kilometre. If a truck is driven only 79,000 kilometres during a year, the average operating cost increases to 12.6 cents ($0.126) per kilometre. Required: 1. Using the highlow method, estimate the variable and xed cost elements of the annual cost of truck operation. (Do not round your intermediate calculations. Round the "Variable cost per kilometer" to 3 decimal places.) hhehheeeheehhhh -_ Variable cost per kilometer Fixed cost per year 2. Express the variable and fixed costs in the form Y = a + bx. (Do not round your intermediate calculations. Round the "Variable cost per kilometer" to 3 decimal places.) 3. If a truck were driven 102,800 kilometres during a year, what total cost would you expect to be incurred? (Do not round intermediate calculations. Round the "Variable cost per kilometer" to 3 decimal places.) :|