Don't use excel

2) Your company purchases a new CNC machine for $100,000 today (beginning Year 0). In 8 years it will have a salvage value of $29,000, and it produces 8,000 parts per year. The machine will require O & M costs of $41,000 every year. Ifi = 12% annual rate compounded annually, what is the total cost per part? [15 pts]