What is the equivalent uniform annual cost per machine, Econometrics

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What is the equivalent uniform annual cost per machine

Levi Strauss has some of its jeans stonewashed under a contract with independent U.S.Garment Corp. If U.S. Garment's operating cost per machine is $22,000 in year 1 and increasesby $1000 per year through year 5, what is the equivalent uniform annual cost per machine (years1 through 5) at an interest rate of 12% per year?

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