(30 points) The price for a 631K single engine scraper is $760,000. The cost of the new tires is $32,000. The equipment is anticipated to be used, on average, about 1800 hours per year and the life is expected to be 13,500 hours. Using the information in the Caterpillar Performance Handbook (CAT PH), determine the hourly ownership and hourly operating cost for the scraper for the items listed. Assume the cost of capital is 11.3% and is compounded monthly with monthly payments.

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.