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Office Furniture Makers, Inc. uses machines to produce high quality office chairs for other firms. The...

Office Furniture Makers, Inc. uses machines to produce high quality office chairs for other firms. The initial cost of one customized machine is $750,000. This machine costs $12,000 a year to operate. Each machine has a life of 3 years before it is replaced. What is the equivalent annual cost of this machine if the required return is 10%? (Round your answer to whole dollars)

a.-313586

b.-285942

c.-301586

d.-326947

e.-259947

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