$1$ point

A currently used machine costs $$5,000$ annually to run. What is the maximum that should be paid to replace the machine with one that will last $4$ years and will cost only $$2,500$ annually to run? The opportunity cost of capital is $14\%.$

The maximum amount that should be paid is:

$

Number

$($please round your final result to $2$ decimals, but keep as many decimals as possible during calculation$)$