A large die-casting machine used to make automobile engine blocks is purchased for$3.53.5million. For tax purposes, the value of the machine can be depreciated by5.85.8%of its current value each year.a. What is the value of the machine after1010years?b. After how many years is the value of the machine1010%of its original value?Question content area bottomPart 1a. Set up the equation that is needed to determine the value(in millions of dollars) of the machine after1010years.y(10)y(1)y(0)equals left parenthesis nothing right parenthesis e Superscript left parenthesis nothing right parenthesis=enter your response hereeenter your response here(Type integers or decimals rounded to four decimal places as needed.)