A new forklift truck would cost $22,000, have operating costs of $1200 in the first year, and has a resale value that decreases at 40% per year, every year. For the remaining years, operating costs increase each year by $500 over the previous years operating costs. The lift truck has a maximum life of 5 years. An overhaul costing $3,000 would be required in its fourth year. The firms MARR is 15%. The AEC_N* (the AEC at the ESL) for the machine is within $50 of

a)	13,300
b)	11,281
c)	9921
d)	9600
e)	8882
f)	8781
g)	8370
h)	None of the above