Question $5$

$10$ pts

NeighborWorks America is considering the purchase of copying equipment that will require an initial investment of $$17,000$ and $$5,500$ per year in annual operating costs over the equipment's estimated useful life of $7$ years. The company will use a discount rate of $9\mathrm{.}0\%$ to evaluate this project.

What is the equivalent annual cost of this equipment?

$$5,803$

$$10,653$

$$6,383$

$$8,878$

$$7,927$