Your firm is thinking about investing $300 comma 000 in the overhaul of a manufacturing cell in a lean environment. Revenues are expected to be $30 comma 000 in year one and then increasing by $10 comma 000 more each year thereafter. Relevant expenses will be $15 comma 000 in year one and will increase by $7 comma 500 per year until the end of the cell's eight-year life. Salvage recovery at the end of year eight is estimated to be $9 comma 000. What is the annual equivalent worth of the manufacturing cell if the MARR is 8% per year?