A company plans to set up a computing center to support its technical studies. This center will include three workstatio

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answerhappygod
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A company plans to set up a computing center to support its technical studies. This center will include three workstatio

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A company plans to set up a computing center to support its
technical studies. This center will include three workstations,
each costing $25,000 for a service period of 5 years. The expected
salvage value for each workstation is $2,000. Annual operating and
maintenance costs are estimated at $15,000 per workstation. If the
nominal interest rate is 15%, the equivalent annual operating cost
of this center is?
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