DuBoise Manufacturing bought three used machines in a $164,000 lump-sum purchase. An independent appraiser valued the machines as shown in the table.
Machine No. Appraised Value
1 .............. $ 62,000
2 .............. 48,000
3 .............. 92,000
What is each machine’s individual cost? Immediately after making this purchase, DuBoise sold machine 3 for its appraised value. What is the result of the sale? (Round decimals to three places when calculating proportions, and use your computed percentages throughout.)