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A machine costs $28,900 and has annual maintenance costs of $600, $1,800, and $6,000, over its 3-year life, respectively. What is the equivalent annual cost

A machine costs $28,900 and has annual maintenance costs of $600, $1,800, and $6,000, over its 3-year life, respectively. What is the equivalent annual cost of this machine at a discount rate of 14 percent?

Group of answer choices

-$18,406.67

-$9,880.47

-$22,938.81

-$12,433.33

-$15,015.81

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