A small company heats its building and spends $8,800 per year on natural gas for this purpose. Cost increases of natural gas are expected to be 8% per year starting one year from now ie the first cash flow is $9,504 at EOY one). Their maintenance on the gas furnace is $360 per year, and this expense is expected to increase by 12% per year starting one year from now (ie.. the first cash flow for this expense is $403.20 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 15% per year. Click the icon to view the interest and annuity table for discrete compounding when-8% per year Click the icon to view the interest and annuity table ror discrete compounding when 1-12% per year Click the icon to view the interest and annuity table for discrete compounding when is 15% per year The total annual equivalent expense tor operating and maintaining the furnace is $ thousands. (Round to two decimal places.)