22. 2.98 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 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 12% per year?