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PLEASE HELP ASAP!!! WILL LIKE AND UPVOTE. I've solved the problem attached below. I simply want to confirm that the answer is correct. Please solve

PLEASE HELP ASAP!!! WILL LIKE AND UPVOTE.
I've solved the problem attached below. I simply want to confirm that the answer is correct. Please solve the problem
and show work
Thank you very much!
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HT Bowling, Inc is considering the purchase of VOIP phone system. It will require an initial investment of $16,750 and $4,750 per year in annual operating costs over the equipment's estimated useful life of 4 years. The company will use a discount rate of 9%. What is the equivalent annual cost? $15,110 $12.961 $4,723 $9,920

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