First year's O&M expenses are expected to be $2,000, and they are expected to increase by $200 per year from the second year onwards. Because of the rapid advances in 3-D printing technology, the printer is expected to have negligible salvage value at the end of its useful life of 5 years. MARR is 10% per year compounded annually.
b) (12 points) Determine the equal uniform annual cost of owning and operating this 3-D printer.