Please answer part 2

Tamarisk, Inc. purchased factory equipment with an invoice price of $80,700.0 ther costs incurred were freight costs, $1,440; installation wiring and foundation, $2,380; material and labor costs in testing equipment, $820; oil lubricants and supplies to be used with equipment, $720; fire insurance policy covering equipment, $1,550. The equipment is estimated to have a $7,000 salvage value at the end of its 8 -year useful service life. Your answer is correct. Compute the acquisition cost of the equipment. Acquisition cost of the equipment \$ eTextbook and Media Your answer is incorrect. (Round answer to 1 decimal place, e.g. 15.5\%) If the straight-line method of depreciation was used, the annual rate applied to the depreciable cost would be %