You just bought a Mercedes Sprinter van for $55000 and plan on owning for the next 10 years. You plan on driving it an average of 15000 per year. The cost per mile is expected to be $1.1 in the first year and increase by 0.030 per year thereafter. What is your average annual cost for owning the van over the 10 years at an interest rate of 0.070 per year