33 A company has a need for a snow removal machine. The machine can be purchased for the cost of $25,000. The machine is expected to have a life of 6 years with no salvage value. The annual operating cost amounts to $5,000. Alternatively, the machine can be rented at the cost of $400 per day payable at the end of the year a) Determine Net Present Worth for buying option. Use an interest rate of 20% per) (year. (5 points b) Determine the number of days per year that snow removal is required in order to) (justify the purchase decision. Use an interest rate of 20% per year (10 points c) If the machine was needed for 30 days only every year, should the company BUY) (or RENT the machine? Justify your answer(5 points ( (20 ) tutal Soul 34 Fill in the blank in the following two PW equations by using the following Table PWX = -150,000+ (PIA, 15% .(P/F, 15% +25,000 (P/F, 15% PWY (PIA, 15% ) + (P/F, 15%