Your company's MARR is 14% and uses a declining balance approach with d=23% to estimate salvage values for all its assets. You have been asked to consider the purchase of a new printing press at an upfront cost of $18,750 as well as $4,800 in installation costs. Operating and maintenance costs are estimated to be $4,250 this year, increasing by $50 per year. What is the EAC for the press if it is kept for 3 years? Use a positive sign convension for your answer, i.e EAC will be >0 and round your answer to the nearest penny