find the total costs for Model C. (first year and recurring costs, years 1 to 5 )

Remember to use the concepts of Unique, Recurring, Relevant and Irrelevant Costs for your calculations.

For your answer. Do not use the dollar sign, do not use decimals, periods or commas. Round to the next unit.

Model A Model B Model C

New equipment cost (5 year lifespan) $11.000 $12.000 $12.500

Residual value $1.200 $900 $1.100

Initial installations costs $200 $250 $200

Initial training costs $300 $350 $320

Annual maintenance costs $450 $300 $420

Annual operating costs $375 $400 $425

Annual utilities costs $350 $350 $350

Annual employee wage costs $12.000 $12.000 $12.000