Please write the whole solution not just the choice!! And PLEASE PLEASE the drow CASH DIGRAM

4. Kal Tech Engineering is investigating the possibility of acquiring new automated packaging equipment at a cost of $12,000. It is expected that the equipment will have a salvage value of $1,000 at the end of its useful life of 10 years. It is determined by the plant engineering department at the company that the operation and maintenance cost will be $500 in the first year and will gradually increase every year starting year 2 at the rate of S50 until the equipment is retired. Determine the equivalent uniform annual cost (EUAC) if MARR for the company is 10%. A) $2,150.50 B) $2,176.60 C) $2,184.40 D) $2,575.95