Question 1 (10 points)
The cost of owning an airplane includes gas, oil, insurance, hangar rentals, yearly maintenance and engine depreciation. A Cessna 421 burns 21 gallons of Aviation gas an hour ($8.25/gallon), 0.50 quarts of oil/hr ($30.00/qt), Insurance costs $3200/year, hangar rentals are $500/month, yearly maintenance is $10000
and engine overhauls are done every 2000 hours but cost $50,000. What is the total hourly cost to fly 250 hours in a year?