1. a. A company with a MARR policy of 12% is trying to estimate the initial cost of a piece of machinery that they bought several years ago after some of the company's documents were ooded during a storm. The machine is classied as a 10-year MACRS property and has a book value of 24,083 at the end of its 3th year in service. If the company estimates the salvage value of this property as $20,000 aer its useful life, what is the initial cost of the equipment using the MACRS depreciation method? b. An actuarial scientist (the appraiser) with an insurance company in GA believes that the best estimate for the book value of a car totaled in an accident that has gone through 11 years of depreciation is to use weighted values from the MARCS and the Straight Line (SL) depreciation methods. His weighted model is given by: tBl'Lm) + (n - 1)(3Vm) 3V\": n+2 Where: 3 V11 is his calculated Book value after year 11. Evan, is the Book Value after 11 years from the MACRS and BVm-L is the Book Value after 11 years from the Straight-Line method. Right after its third year in operation, a vehicle that was initially purchased at $55,000 was involved in an accident and was totaled. What will be the appraiser's book value if he assumes a salvage value of $5,000 aer ve years