Your firm is thinking about investing ​$300,000 in the overhaul of a manufacturing cell in a lean environment. Revenues are expected to be ​$39,000 in year one and then increasing by ​$13,000 more each year thereafter. Relevant expenses will be ​$25,000 in year one and will increase by ​$12,500 per year until the end of the​ cell's six​-year life. Salvage recovery at the end of year six is estimated to be ​$12,000. What is the annual equivalent worth of the manufacturing cell if the MARR is 10​% per​ year?