A company is considering purchase of a new machine. The machine will cost $100 and have a useful life of 2 years. The company uses straight-line depreciation, and the machine will be depreciated to 0. The companys tax rate is 55%. What is the equivalent annual cost of the machine including both the purchase price and the tax shield? Assume a 10% discount rate and round your answer to the nearest ten.

Group of answer choices

$30

$50

$40

$60