4. Bridgton Golf Academy is evaluating new golf practice equipment. The "Dimple-Max" equipment costs $64,000. has a three-year life, and costs $6.000 per year to operate. The operation cost occurs at the end of each year. The relevant discount rate is 12 percent. Assume that the straight-line depreciation method is used and that the equipment is fully depreciated to zero. Furthermore. assume the equipment has a market value of $7.500 at the end of the project's life. The relevant tax rate is 34 percent. [2 marks] What is the after-tax salvage value of this equipment? What is the equivalent annual cost (EAC) of this equipment