Question 3 15 pts 3 (15 points) Pace Corporation in Cookeville is considering an extended warranty on production equipment it bought recently. The extended warranty will cover year-end repair expenses of $5000, $3000, $5000, and $3000, $5000, $3000, respectively, for the next 6 years. If the interest rate is 8%, what is the equivalent uniform annual cost of the extended warranty? $3,390 $3,560 $4,730 $4,870 Question 3 15 pts 3 (15 points) Pace Corporation in Cookeville is considering an extended warranty on production equipment it bought recently. The extended warranty will cover year-end repair expenses of $5000, $3000, $5000, and $3000, $5000, $3000, respectively, for the next 6 years. If the interest rate is 8%, what is the equivalent uniform annual cost of the extended warranty? $3,390 $3,560 $4,730 $4,870