An electronics firm invested $60,000 in a precision inspection device. It cost $4000 to operate and.

An electronics resolute invested $60,000 in a precision error plan. It consume $4000 to effect and main~ tain in the principal year and $3000 in each of the succeeding years. At the end of 4 years, the resolute changed their error process, eliminating the insufficiency for the plan. The purchasing personation was very happy in life talented to dispose-of the error plan for $60,000, the pristine charge. The set superintendent asks you to com~ . pute the equivalent conformable annual consume of the plan during the 4 years it was used. Assume profit at 10%