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Asmall company has its building and spends 58,000 per year on natural gas for this purpose. Cost increases of natural gas are expected to be

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Asmall company has its building and spends 58,000 per year on natural gas for this purpose. Cost increases of natural gas are expected to be 10% per year starting one year from now (le, the first cash flow is $8,800 at EOY one). Thelt maintenance on the gas fumace is $350 per year, and this expense is expected to increase by 15% per year starting one year from now (ie the first cash flow for this expense is $402 50 at the EOY one). If the planning horizon is 14 years, what is the total annual equivalent expense for operating and maintaining the furnace? The Interest rate is 20% per year Click the icon to view the interest and annuity table for discrete compounding when / = 10% per year. Click the icon to view the interest and annuity table for discrete compounding when i= 15% per year Click the icon to view the interest and annuity table for discreto compounding when /-20% per year The total annual equivalent expense for operating and maintaining the fumace is thousands (Round to two decimal places.)

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