2. New machinery is required to double your product manufacturing capacity. The machinery is expected to cost $1.2 million in 9 years. You have $300,000 in the bank today that is growing at 7% interest per year. If you receive 7% on all new deposits, how much will you need to deposit in the bank each year to have the necessary funding in nine years? Select one: a. $52,624 b. $81,273 c. $79,728 d. $45,910 e. $54,158