A garage is comparing the cost of buying two different car lifts. Lift A will cost $20,000, will require servicing of $500 every year, and last ten years. Lift B will cost $15,000, require servicing of $800 per year, and last eight years. The cost of capital of the garage is 7%. What is the maximum servicing fee per year that Lift A must provide if it wants to match the equivalent annual annuity of Lift B? . B 1 # 2