Assume a Machine Costs $129,000 and Lasts 3 Years Before

Assume a machine costs $129,000 and lasts 3 years before it is replaced.The operating cost is $7,200 a year.Ignore taxes.What is the equivalent annual cost if the required rate of return is 14 percent?

A) $65,714.29
B) $62,764.36
C) $78,775.88
D) $51,006.23
E) $50,200.00