Your clinic is considering buying a two- module Genexpert System from Cepheid for TB testing. The cost for the equipment is $2,000 with a one-year warranty (replaced if any problem) Your clinic has a...

Extracted text: Your clinic is considering buying a two- module Genexpert System from Cepheid for TB testing. The cost for the equipment is $2,000 with a one-year warranty (replaced if any problem) Your clinic has a 10-year planning period, so it wants to be able to provide TB tests over the next 10 years. With a 10% discount rate, please estimate an annual equivalent cost for this equipment under the following scenario: You only buy the equipment (with one-year warranty) now (time 0). It lasts for slightly more than 1 year (1 day past the warranty period). You then have to buy another one (still $2,000) and it lasts for 3 years. Then buy another one and it lasts for 1 year (1 day past warranty), so you have to buy another one and it lasts for 2 years. And finally, you buy another one and it lasts for 3 years.