Explain how please

Pace Corporation in Cookeville is considering an extended warranty on production equipment it bought recently. The extended warranty will cover repair year-end expenses of $2,000, $2,000, $5,000, and $6,000, respectively, for the next 4 years. If the interest rate is 7%, what is the equivalent uniform annual cost of the extended warranty? A. $3, 343 B. $3, 624 C. $3, 871 D. $4, 108