4 - An electronics firm invested $50,000 in a precision inspection device. It cost $1500 to operate and maintain each year. An additional cost of $750 was observed on years 2 and 4 for software updates. The device was sold after 5 years. The purchasing agent was very fortunate to sell the inspection device for $40,000. Compute the equivalent uniform annual cost during the 5 years the device was used. Assume interest at 10% per year. Answer: EUAC=$8,559.47