You are considering purchasing a dump truck. The truck will cost $60,000 and have operating and maintenance costs that start at $14,000 the first year and increases by $2,800 per year. Assume that the salvage value at the end of ve years is $19,000 and interest rate is 12%. What is the equivalent annual cost of owning and operating the truck for five years? a Click the icon to view the interest factors for discrete compounding when 1': 12% per year. The equivalent annual cost of owning and operating the truck is $ . (Round to the nearest dollar.) it more help; Clear all a: o I. 0 El : c a g a. II Cf) weed\" wiggle