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Question 4 4 pts QUINTUS PLC considers buying a new van. The purchase price of the new van is 0,000 at t=0. The van has an economic lifespan of 4 years. The annual maintenance costs are paid at the end of every year. The maintenance costs for year 1 are 500, for year 2 600, for year 3 600 and for year 4 850. At t=4, the residual value of the van is expected to be zero. The annual discount rate is 4 %. In this question you can ignore taxes, fuel and other expenses. Question: Calculate the equivalent annual cost (EAC) of the van. Round your answer to whole euros (i.e. O decimals). Do NOT include the euro sign in your