You are helping your kids build a lemondae stand for the upcoming town marathon, as well as other events. Your costs are $54 for material, including a drawer for the cash. The stand requires repainting to display the event colors for a cost of $2.50 for 3 events. You will need to replace the cash drawer after 2 months because it was cheap to begin with, at a cost of $8.99. At the end of the summer, your kids sell it to the neighbor for $10. Assume a discount rate of 3% Calculate the total life cycle cost.