Blue Corporation bought a new machine and agreed to pay for it in equal annual installments of $4,520 at the end of each of the

next 10 years. Assuming that a prevailing interest rate of 8% applies to this contract, how much should Blue record as the cost of

the machine? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e.g. 458,581.)

Blue Corporation booght a new machine and agreed to pay for it in equal annual installments of $4,520 at the end of each of the bext 10 years. Aswumins that a prevailing interest rate of 8% applies to this contract. how much should Blue record as the cost of the machine? (Round foctor values to 5 decimal ploces, eg. 1.25124 and final answer to 0 decimal ploces, eg. 458.581.) Cost of the machine to be recorded eTexbook and Media Attempte: 0 of 3 used (ci) The parts ot this question must bo coegleted in order. This part wil be avallable when you complete the part abeve