HT Bowling, Inc is considering the purchase of VOIP phone system. It will require an initial investment of $29,500 and $6,750 per year in annual operating costs over the equipment's estimated useful life of 4 years. The company will use a discount rate of 10%. What is the equivalent annual cost? $16,056 $18,296 $10,433 $8,749 HT Bowling, Inc is considering the purchase of VOIP phone system. It will require an initial investment of $29,500 and $6,750 per year in annual operating costs over the equipment's estimated useful life of 4 years. The company will use a discount rate of 10%. What is the equivalent annual cost? $16,056 $18,296 $10,433 $8,749