A new machine can be purchased for $1,000,000. It will cost $65,000 to ship and $35,000 to modify the machine. A $30,000 recently completed feasibility study indicated that the fi rm can employ an existing factory owned by the firm, which would have otherwise been sold for $150,000. The firm will borrow $750,000 to fi nance the acquisition. Total interest expense for 5-years is expected to approximate $250,000. What is the investment cost of the machine for capital budgeting purposes? a. $2,030,000 b. $1,530,000 c. $1,100,000 d. $1,250,000 e. $1,280,000 I come to $1,280,000 by adding the $1,000,000+$65,000+$35,000 = $1,100,000 total cost of machine. Add to that the $150,000 not received by keeping existing factory (but not sure of this one....) plus $30,000 for feasibility study. I am lost! This was previously posted and the person answered $1,250,000 but gave no indication of how to arrive there. Please give me all work to see how to do this for future questions. Please be very detailed.