2. A company purchases a piece of equipment for $10,000 that will be used for the next 8 years. Annual insurance is 2% of the purchase price, the electricity is $300 per year, and maintenance is $100 per year. The salvage value is $1000, and the effective annual interest rate for economic analysis is 6% The uniform annual cost of ownership is a) $600 b) $1200 c) $2109 d) $2210 e) $232:5 The break-even interest rate is 6% which means the average annual revenue 1S: a) $560 b) $2049 c) $2109 d) $232!5 e) $2540 What is the present worth of the machine if uniform annual revenue is $3000 per year for 8 years and uniform annual cost for 8 years is given above? a) $4904 b) $553:3 c) $8629 d) $18629 e) $24000