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. 6960
• C. Rs. 5220
• D. Rs. 3480

Answer: (D)