A small company heats its building and spends $8,000 per year on natural gas for this purpose. Cost increases of natural gas are expected to be 9% per year starting one year from now (i.e., the first cash flow is $8,720 at EOY one). Their maintenance on the gas furnace is $345 per year, and this expense is expected to increase by 15% per year starting one year from now (i.e., the first cash flow for this expense is $396.75 at the EOY one). If the planning horizon is 14 years, what is the total annual equivalent expense for operating and maintaining the furnace? The interest rate is 20% per year. Click the icon to view the interest and annuity table for discrete compounding when i-9% per year. Click the icon to view the interest and annuity table for discrete compounding when i-15% per year. Click the icon to view the interest and annuity table for discrete compounding when i=20% per year. The total annual equivalent expense for operating and maintaining the furnace is $thousands. (Round to two decimal places.)