A crane rental company has acquired a new heavy-duty crane for $260,000. The company calculates depreciation on this equipment on the basis of a number of rentals per year, and the salvage value of...

A crane rental company has acquired a new heavy-duty crane for $260,000. The company calculates depreciation on this equipment on the basis of a number of rentals per year, and the salvage value of the crane at the end of its 9-year life is 525,000 If the crane is rented an average of 130 days per year,
what is the depreciation rate per rental? The depreciation is Sper day of rent. (Round to the nearest dollar.)