You are considering two alternative machines, Machine A and Machine B$,$ for a manufacturing process. One of the machines, Machine A$,$ costs $$36,000$ to set up and $$6,000$ per year to operate, but It must be completely replaced every $5$ years, and it has no salvage value. Assuming the cost of

capital is $12\%,$ what is the equivalent annual cost of the machine?$*$

PLEASE ANSWER WITH A NUMERICAL VALUE