Dylex Corporation installed new electronic equipment. The electrical work required to prepare for the installation was $18,000. The invoice price of the equipment was $185,000. Additional costs were $4,500 for delivery and $28,250 sales tax ($15,300 of the sales tax was non-refundable and the balance refundable). During the installation, a component of the equipment was damaged because it was carelessly left on the floor. The cost of repairing the component was $7,500. What is the cost of the equipment? Cost of equipment