Calculate the expected hourly operating cost for the second year of operation of the machine described below: The initial cost is $500,000. The tire cost is $20,000, and the estimate tire life is...

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Extracted text: Calculate the expected hourly operating cost for the second year of operation of the machine described below: The initial cost is $500,000. The tire cost is $20,000, and the estimate tire life is 4,000 hours. Hourly fuel cost is $200 per hour. The estimated life of the machine is 5 years. The Operator's wages is $300 per hour. The service cost factor is 0.3, and the lifetime repair cost factor is 0.9. The machine runs 2000 hours per year.