Consider a piece of equipment for which the expenditure at the beginning of period 1 is $80,000. Given that this is a cost, consider it as a negative in a net revenue framework.

The net revenue at the end of year 1 is $10,000.

The net revenue at the end of year 2 is $20,000.

The net revenue at the end of year 3 is $30,000.

The net revenue at the end of year 4 is $40,000. This includes revenue from operations and sale of the used equipment.

The interest rate is 5%.

What is the levelized net revenue with four equal payments at the end of years 1 to 4?

The annuity factor is given as