A drill press was purchased at $$220,000.$ It was expected to last $10$ years, with a salvage value of

$$20,000.$ If the firm$$s interest rate is $20\%,$ what would be the capital cost for each year during a

$10-$year ownership?

a$)$ $$47,700$

b$)$ $$49,700$

c$)$ $$51,700$

d$)$ $$53,700$