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Can someone please help and show steps with formulas?! Thanks! This is all of the information available to me. You have purchased a machine costing

image text in transcribed Can someone please help and show steps with formulas?! Thanks!

This is all of the information available to me.

You have purchased a machine costing $29,000. The machine will be used for two years, and at the end of this time, its salvage value is expected to be $14,000. The machine will be used 5.000 hours during the first year and 9,000 hours during the second year. The expected annual net savings will be $37,000 during the first year and $43,000 during the second year. If your interest rate is 13%. what would be the equivalent net savings per machine hour? Click the icon to view the interest factors for discrete compounding when i = 13% per year. The equivalent net savings are $ _______ per machine hour. (Round to the nearest cent.)

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