You are awarded a project for earthmoving related to a parking lot. You plan to use crawler tractor dozer with the following information (Now is the third year since you purchased the dozer): The crawler tractor dozer is used about 1,500 hours per year. It costs $150,000 new and has a useful life of 15,000 hours. Estimated salvage value after 15,000 hours of use is $25,000. The discount rate is 12%. Interest on investment is 7%, Insurance is 2%, Taxes 3.5%, and storage 0.5%. If using sum-of-years (SOY) depreciation method: