A small company heats its building and spends ​$ 7 comma 800 7,800 per year on natural gas for this purpose. cost increases of natural gas are expected to be 9 9​% per year starting one year from

A small company heats its building and spends ​$ 7 comma 800 7,800 per year on natural gas for this purpose. cost increases of natural gas are expected to be 9 9​% per year starting one year from now​ (i.e., the first cash flow is ​$ 8 comma 502 8,502 at eoy​ one). their maintenance on the gas furnace is ​$ 335 335 per​ year, and this expense is expected to increase by 12 12​% per year starting one year from now​ (i.e., the first cash flow for this expense is ​$ 375.20 375.20 at the eoy​ one). if the planning horizon is 14 14 ​years, what is the total annual equivalent expense for operating and maintaining the​ furnace? the interest rate is 15 15​% per year.

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