A car rental company bought a car for $ 200,000. The company spends 46,000 dollars a year on the car In the fifth year, it spends 40,000 dollars for general repairs and modifications to the car The company also spends $ 2 thousand after the fifth year as additional expenses for the car every year. The car can only work for 15 years, Then it is sold as scrap (as shown in a table) and the capital cost is 30%. Calculate Equivalent Annual Cost (EAC) 

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Selling price as scrap (x1000) Selling price as scrap (x1000) year year 200 80 1 180 6. 60 2 160 7 40 3 120 8-10 30 4 100 11-15 20 Selling price as scrap (x1000) Selling price as scrap (x1000) year year 200 80 1 180 6. 60 2 160 7 40 3 120 8-10 30 4 100 11-15 20