(8 points) Suppose that the cost of capital is 8% per annum. A machine costs $85,000, has a lifetime of 14 years, and a salvage value of $5,500. Find the machine's capitalized cost if the annual maintenance cost of a machine during its lifetime (paid at the end of each year) is a) $550 every year, Answer = $ b) $0 for the first 7 years, and then forms an arithmetic progression: $100,...,$700; Answer = $ c) $550 in the first 7 years, and then forms an arithmetic progression: $650,...,$1250. Answer = $ Click for a hint "Cost of capital per annum" is a fancy phrase for the effective annual interest rate