8. Your company will purchase a machine that will be used over the next 8 years. It will cost $10,000 initially. After the 8 years of use you estimate you will be able to sell it to someone else for $1,000. It cost you 2% of the original purchase price for insurance every year, and $400 in maintenance per year. At an annual interest rate of 6%, what is the effective uniform annual cost (EUAC) of owning this equipment to your company? Draw a cash flow diagram (4 pts), and calculate using equations or tables (6 pts)