Question: A currently used machine costs $ 1 1 , 0 0 0 annually to run. What is the maximum that should be paid to replace

A currently used machine costs $11,000 annually to run. What is the maximum that should be paid to replace the machine with one that will 3 years and
will cost only $2,000 annually to run? The opportunity cost of capital is 9%.
The maximum amount that should be paid is:
$
(please round your final result to 2 decimals, but keep as many decimals as possible during calculation)
 A currently used machine costs $11,000 annually to run. What is

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