Calculate the present worth of all costs for a newly acquired machine with an initial cost of $29,000, no trade-in value, a life of 10 years, and an annual operating cost of $13,000 for the first 4...

Calculate the present worth of all costs for a newly

acquired machine with an initial cost of $29,000,

no trade-in value, a life of 10 years, and an annual

operating cost of $13,000 for the first 4 years, increasing

by 10% per year thereafter. Use an interest

rate of 10% per year.