Question 3 (2 points) Fans Edge Company has a machine that makes sports equipment. The machine is in need of a repair. The machine originally cost $7,500 and the repair will cost $4,500, but the machine will then last two years. The labor cost of operating the machine is $0.25 per piece of equipment. Instead of repairing the old machine Fans Edge could buy a new machine at a cost of $5,500 that would also last two years and the labor costs would then be reduced to $0.20 per piece of equipment. Should Fans Edge repair or replace the machine if it expects to make 3,500 pieces of sports equipment in the next two years