A machine costs Rs. 20000 and its useful life is 8 years. The money is borrowed at 8% interest per annum. The capital recovery factor at 8% interest per annum for 8 years is 0.174. The annual equipment cost of the machine will be________________?
(A) Rs.1740
(B) Rs.3480
(C) Rs.5220
(D) Rs.6960
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