Question: PLEASE HELP ASAP!!! WILL LIKE AND UPVOTE. I've solved the problem attached below. I simply want to confirm that the answer is correct. Please solve

PLEASE HELP ASAP!!! WILL LIKE AND UPVOTE.
I've solved the problem attached below. I simply want to confirm that the answer is correct. Please solve the problem
and show work
Thank you very much!
 PLEASE HELP ASAP!!! WILL LIKE AND UPVOTE. I've solved the problem

HT Bowling, Inc is considering the purchase of VOIP phone system. It will require an initial investment of $16,750 and $4,750 per year in annual operating costs over the equipment's estimated useful life of 4 years. The company will use a discount rate of 9%. What is the equivalent annual cost? $15,110 $12.961 $4,723 $9,920

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