IE255 Homework

[naif ebraheem]

2.70 Levi Strauss has some of its jeans stone-washed
under a contract with independent U.S. Garment
Corp. If U.S. Garment’s operating cost per machine
is $22,000 per year for years 1 and 2 and
then it increases by 8% per year through year 10,
what is the equivalent uniform annual cost per
machine (years 1–10) at an interest rate of 10%
per year?