3. Assume the following compounding discounting questions assume year end each flow. The Chicago hope hospital purchased a mri machine for $12 million dollars making a 6 year loan at 8%. If the above MRI machine which costs $12 million comes with a service charge for an additional amount of $20,000 each year for 6 years. What is the present value of cash a. outflow for the MRI machine (use 7% as the discount rate)? Apple Softw b. If the salvage value of the machine is $100,000 sik years from now. What is the present value of the salvage value of the MRI machine (use 7% as the discount rate)