Concord, Inc. is considering the purchase of a new machine for $480000 that has an estimated useful life of 5 years and no salvage value. The machine will generate net annual cash flows of $84000. It is believed that the new machine will reduce downtime because of its reliability. Assume the discount rate is 8%. In order to make the project acceptable, the increase in cash flows per year resulting from reduced downtime must be at least $36210 per year. $35976 per year. $14676 per year. $18292 per year