Save Ans Question 18 5 points An auto manufacturer is looking at a new equipment for their 2022 assembly line. The equipment cost is $300,000, with a useful life of 5 years. At the end of the five years, this equipment can be sold to the open market with a salvage value of 150,000. If the effective annual interest rate is 8%, what are the equivalent annual costs (i.e., the annual capital recovery costs) of purchasing the equipment? Hint use Capital Recovery Formula. 87,138 66,092 58,092 99,661 49,569