this is already correct, but could you show me how to do it in excel?

Problem 6-22 Equivalent annual cash flow EAC=AnnuityPV= PV=EV Factor Air conditioning for a college dormitory will cost $2.3 million to install and $160,000 per year to operate at current prices. The system should last 17 years. The real cost of capital is 7%, and the college pays no taxes. What is the equivalent annual cost? Note: Enter your answer in dollars not in millions and round your answer to 2 decimal places. PV=2,300,000+(60,000(0.0710.7(100.0)1)=3,862,115.68 Explanation