2. Warchester Inc. is considering the purchase of copying equipment that will require an initial investment of $22,000 and $5,200 per year in annual operating costs over the equipment's estimated useful life of 4 years. The company will use a discount rate of 5%. What is the equivalent annual cost?

without using excel pls

2. Warchester Inc. is considering the purchase of copying equipment that will require an initial investment of $22,000 and $5,200 per year in annual operating costs over the equipment's estimated useful life of 4 years. The company will use a discount rate of 5%. What is the equivalent annual cost