3. A metal sewing machine was purchased four years ago for $55,000. Suppose that it has a depreciation schedule with a five-year MACRS class life at the time of its purchase (four years ago). The metal sewing machine can be sold now for $35,000, or an updated engine can be purchased and installed at a cost of $9.000 (capital investment with three-year depreciable life, straight line, salvage value = 0). If you keep the machine in service, you will have operating and maintenance costs (Table below) and a MV of $0 at the end of four years. Determine the BV (now) and the ATCFs (tabulate) for the machine. (t = 32%). (20 points) EOY O&M Costs 8,500 10,500 14,000 16,000 2 3 4 3. A metal sewing machine was purchased four years ago for $55,000. Suppose that it has a depreciation schedule with a five-year MACRS class life at the time of its purchase (four years ago). The metal sewing machine can be sold now for $35,000, or an updated engine can be purchased and installed at a cost of $9.000 (capital investment with three-year depreciable life, straight line, salvage value = 0). If you keep the machine in service, you will have operating and maintenance costs (Table below) and a MV of $0 at the end of four years. Determine the BV (now) and the ATCFs (tabulate) for the machine. (t = 32%). (20 points) EOY O&M Costs 8,500 10,500 14,000 16,000 2 3 4