The first cost of a certain piece of equipment is $50,000. It will have an annual operating cost of $20,000 and $5,000 salvage value after its 5 year life. At an interest rate of 10% per year, what...

Extracted text: The first cost of a certain piece of equipment is $50,000. It will have an annual operating cost of $20,000 and $5,000 salvage value after its 5 year life. At an interest rate of 10% per year, what will be the capitalized cost of the equipment.