You are a site work contractor purchasing a new piece of equipment. Determine how you will recover the cost of the purchase and operation of the equipment over a given life span. Find the amount per year that must be recovered from clients over a 5-year period to recover the cost of the equipment given the following information: Assume 10% is the Minimum Attractive Rate of Return (MARR) 1. Initial Cost $80,000 2. Operational Cost (Operator, Fuel, Oil, etc.) $20,000/year 3. Tire Replacement at the end of years 2 and 4 $11,000 4. Major Overhaul at the end of year 3 $15,000 5. Sale at the end of year 5 (Salvage Value) $8,000