A company is planning on buying a new machine costing $118,000 and belonging in a 30% CCA class. The machine has projected maintenance costs of $16,000 annually over its three-year life. At the end of the three years, the machine will be worthless and will be scrapped. The company has a 34% tax rate and a 16% discount rate. What is the equivalent annual cost of the machine? $68,540 O $47,892 $52,254 $36,520 $55,333 The dividend on a company's stock will be $6.00 in one year, $7.00 in two years and $8.00 in three years. In three years, you can sell the stock for $70.00. If you require a 12.50% rate of return on your investment, how much are you willing to pay for a share of this stock? $56.00 $57.40 $58.80 $60.20 $61.60