Magnum Corporation purchased new equipment at a list price of $194,000, with credit terms of 2/10, n/30. Payment was made within the discount period and included $9,700 sales tax in addition to the net purchase price. The company also paid delivery charges of $750 and labor costs of $1,830 for installing the new equipment at the appropriate location. During installation, a warehouse employee smashed several containers with a forklift, causing damage to the equipment. Cost to repair the damage was $2,100.

Required: Compute the total cost of Magnum's equipment.