Eastwood Manufacturing bought three used machines in a $216,000 lump-sum purchase. An independent appraiser valued the machines as shown in the table.
Machine No. Appraised Value
1 ............. $ 77,000
2 ............. 116,600
3 ............. 26,400
What is each machines individual cost? Immediately after making this purchase, Eastwood sold machine 2 for its appraised value. What is the result of the sale? (Round decimals to three places when calculating proportions, and use your computed percentages throughout.)