A machine costs $10,000, has a lifetime of 4 years, and salvage value of $2,000. Suppose that the maintenance cost of the machine is $150 in the first year, $250 in the second year, $300 in the third year, and $450 in the fourth year. (The maintenance cost is paid at the end of each year.) Find the full capitalization cost of the machine if the cost of capital is 5% per annum.