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Jackson & Sons uses packing machines to prepare its products for shipping. One machine costs $136,000 and lasts about 4 years before it needs replaced.

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Jackson \& Sons uses packing machines to prepare its products for shipping. One machine costs $136,000 and lasts about 4 years before it needs replaced. The OCF per machine is $6,000 a year (cashflows already computed). What is the equivalent annual cost of one packing machine if the required rate of return is 12\%? (Round your answer to whole dollars.) (Hint: Find NPV and then find EAC)

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