As the owner of a Canadian construction firm, you are considering buying a new cement mixing truck for $95,000. At the end of its useful life of 5 years, you expect to be able to sell it for $3,400. The mixing truck is expected to have annual operating and maintenance expenses of $2,200. Your cement-mixing truck is expected to depreciate for tax purposes at a declining- balance rate of 25%. The corporate income tax rate is 40%. Your company's WACC is 13%. Calculate the equivalent annual after-tax cost. Since this is a Canadian company, the half-year rule applies. If necessary, assume you are using an integrated company