Question: Question 10 2 pts You are purchasing new 3D printing equipment that has an initial cost of $41,000. The equipment will have the annual operating

 Question 10 2 pts You are purchasing new 3D printing equipment

Question 10 2 pts You are purchasing new 3D printing equipment that has an initial cost of $41,000. The equipment will have the annual operating and maintenance costs indicated in the table. Annual costs occur at the end of the year. Year 1 $2,500 Year 2 $3,000 Year 3 $1,000 Year 4 $5,000 Year 5 $3,000 If your cost of capital is 14%, what is the equivalent annual cost of the equipment? Enter your answer as a positive number

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