What is the equivalent uniform annual cost per machine, Microeconomics

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What is the equivalent uniform annual cost per machine

Problem

Levi Strauss has some of its jeans stone-washed under a contract with independent U.S. Garment Corp. If U.S. Garment's operating cost per machine is $19,000 per year for years 1 and 2 and then it increases by $1000 per year through year 5, what is the equivalent uniform annual cost per machine (years 1-5) at an interest rate of 14% per year?

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Microeconomics: What is the equivalent uniform annual cost per machine

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Microeconomics: What is the equivalent uniform annual cost per machine

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