Based on the information below, find the first-year cost for Model B. Remember to use the concepts of Unique, Recurring Relevant and Irrelevant Costs for your calculations. For your answer. Do not use the dollar sign, do not use decimals, periods or commas. Round to the next unit. Model A Model B Model C $11.000 $11.000 $11.000 New equipment cost (5 year lifespan) $1.200 $900 $1.100 Residual value $250 $200 $200 Initial installations costs $300 $350 $320 Initial training costs $450 $400 $300 Annual maintenance costs $400 $375 $350 Annual operating costs $350 $350 $350 Annual utilities costs $12.000 $12.000 $12.000 Annual employee wage costs