ABEX company needs a drilling machine. The company has to pay $250,000 today, and 100,000 yearly for 10 years. The maintenance cost is $110,000 paid every 2 years. The Company believes that they would be able to sell the drill after 10 years for $150,000 (residual value). Interest rate 10%. a. How much is the cost of the drill ( Calculate the PV of all payments) (8pt) b. The company is considering to rent the drill if the first payment starts from next year for 10 years. What is the maximum yearly rent that the company is willing to pay? (6pt)