I need to calculate the ARR for a manufacturing company purchasing a new equipment. The details are as follows:

• $95,000 for equipment with useful life of 8 years and no salvage value.
• Maintenance costs are expected to be $6,900 per year and increase by 4% in Year 6 and remain at that rate.
• Materials in Year 1 are estimated to be $18,000 but remain constant at $15,000 per year for the remaining years.
• Labor is estimated to start at $80,000 in Year 1, increasing by 4% each year after.
• Revenues are estimated from year 1 - 7 to be: 0; 90,000; 100,000; 125,000; 150,000; 150,000; 150,000