Consider a palletizer and a bottling plant that has a first cost of $150,000. It has operating and maintenance costs of $17,500 per year, and an estimated net salvage value of $25,000 at the end of 30 years. Assume an interest rate of 8% per year. What is the future equivalent cost of the investment of the planning horizon is 30 years?
A. $3,467,000
B. $3,623,000
C. $3,980,000
D. $3,371,000