I need help with this please

Question 2 (1 point) You want to purchase a machine that costs $80,000. The machine has an operating cost of $30,000 that starts at the first year and increases by $2,000 per year. Suppose that the market value of this machine at the end of five years is $7,000, and the interest rate is given as 10%. Determine the equivalent annual cost of owning and using this machine