Daltrey Corporation purchased some machinery and agreed to pay the seller $5,000 at the end of this and the next four years. Assuming 8% compounded annually, (1) What is the acquisition cost of the machinery (what is its present value?), and (2) How much interest expense will Daltrey Corporation incur over the five years?

-The acquisition cost of the machinery is ?

- The amount of interest expense over the five years is? (use an appropriate alebraic formula to calculate your result). Please show work on excel and how you calculated the formulas