Office Furniture Makers, Inc

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) -$259,947
B) -$285,942
C) -$301,586
D) -$313,586
E) -$326,947