Maintenance costs for pollution control equipment on a pulverized coal cyclone furnace are expected to be $80,000 now and another $90,000 three years from now. The CFO of Monongahela Power wants to know the equivalent annual cost of the equipment in years 1 through 5. If the company uses a real interest rate of 12% per year and the inflation rate averages 4% per year, what is the equivalent annual cost of the equipment?