Question: A new machine was bought for $9,000 with a life of six years and no salvage value . Its annual operating costs were as follows:

A new machine was bought for $9,000 with a life of six years and no . Its annual operating costs were as follows:
$7,000, $7,350, $7,717.50,..., $8,933.97.
If the = 12%, what was the annual equivalent cost of the machine?
(a) $7,809
(b) $41,106
(c) $9,998
(d) $2,190
(e) $9,895

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