must use Excel. please show work/equations

A vegan meat company is excited to start producing their new product, vegan salmon. The salmon requires all new machinery in the factory, with an initial investment of $785,000. They must pay $52,000 a year in maintenance on their machines. In year 5, they expect their product to get so popular, that they will have to add another machine, which will also have a maintenance cost. If the project life is 12 years and a MARR of 11%, what is the annual equivalent cost for the project