Assume a machine costs $280,000 and lasts six years before it is replaced. The operating cost is $30,600 a year. Ignore taxes. What is the equivalent annual cost if the required rate of return is 12.6 percent? (Hint: the EAC should account for both investment and annual operating costs)

		$102,141.57
		$99,864.42
		$97,587.27
		$95,310.12
		$93,032.97