the first machine has an initial cost of $10,464. Regardless of when it's sold, it will only be worth $7,123. Operating costs are $1,151 every year, but the machine requires increasing maintenance each year. The first year there will be no maintenance costs, but they will increase by $1,482 each year.
The second machine has an initial cost of $12,602. It's worth $0 when sold, regardless of how long it's been in service. Its operating costs are much higher, at $5,373 per year, but requires effectively $0 in maintenance every year.
Determine the minimum equivalent uniform annual cost associated with the optimal economic life of the machine that offers the lowest EUAC. Assume the MARR is 9% per year and that the service life of each machine is 4 years. (note: round your answer to two decimal places; do not include spaces or dollar signs.)