Question: Hydro Machine Inc. bought a machine for $55585 that is expected to last 9 years. Hydro estimates that the machine has a salvage value

Hydro Machine Inc. bought a machine for $55585 that is expected to last 9 years. Hydro estimates that the machine has a salvage value of $5963. If other operating costs are estimated to be $2730 for the first year and increasing 10.8% each year, what is the equivalent uniform annual cost (EUAC) for the total cost of the machine? The rate of interest is 8.1% per year compounded yearly. Report the answer as a positive value.

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