The Hilda Hotel took delivery of a new computerized reservation system in January the beginning of its financial year. The list price of the whole system was $25,000; however, the hotel was able to negotiate a price of $22,000 with the supplier. This did not include a fee of $2,00 to install and test the system. A cash discount was also agreed with the supplier of 6 per cent (not including the installation fee) should the business pay within ten days of receipt and installation. The hotel took advantage of this discount. A maintenance agreement was entered into with a sister company of the supplier costing $800 and the extra insurance charge for the equipment was agreed with the hotel insurance company at $200. An extra charge of $1,000 was agreed with the supplier to train staff on the new system. You are required to calculate the capital cost of acquiring the new reservation system.