please answer with excel formulas

2-22 A machine that has a 10-year life will cost $11,000 now with annual operating costs of $500 the first year and increasing $50 per year each of the next nine years. If the salvage value is estimated to be $2,000 at the end of the 10th year, what is the equivalent annual cost of operating this machine for the next 10 years? Assume other opportunities exist to earn a nominal 8% rate of return