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A firm is performing an economic evaluation of the following two equipment for a production activity. The following information is available. Initial investment Useful life Salvage value Operating cost per hour Equip 1 $26,000 7 years $0 $4.80 Equip 2 $17,000 7 years $0 $6.30 At a MARR of 6% per year, determine the breakeven number of operating hours per year Click the icon to view the interest and annuity table for discrete compounding when i= 6% per year. The breakeven number of operating hours per year is 1 ,236 860 1 ,075 1,344