Question: Please upload a neat hand-written solution. I will rate your solution asap! 4 - An electronics firm invested $50,000 in a precision inspection device. It

Please upload a neat hand-written solution. I will rate your solution asap!

Please upload a neat hand-written solution. I will rate your solution asap!

4 - An electronics firm invested $50,000 in a precision inspection device. It cost $1500 to operate and maintain each year. An additional cost of $750 was observed on years 2 and 4 for software updates. The device was sold after 5 years. The purchasing agent was very fortunate to sell the inspection device for $40,000. Compute the equivalent uniform annual cost during the 5 years the device was used. Assume interest at 10% per year. Answer: 10,236

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