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A gas water heater costs $ 1 , 0 0 0 and has an annual operating cost of $ 5 0 and a lifespan of

A gas water heater costs $

1, 000

and has an annual operating cost of $

50

and a lifespan of

20

years. Please calculate the Equivalent Annual Cost if the cost of capital is

9 % .

Enter as a positive number.

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