Farming Inc. has bought a new machine and must decide what to do with the old one. The cost of the old machine was originally $60,000, and it has been depreciated $45,000. The company has received two offers. One offer was to sell the machine outright for $20,000, less a 10% sales commission. The other offer was to lease out the equipment for $8.000 for the next five years, but the company will be required to provide machine and insurance at an estimated $4.000 per year. What offer should Farming Inc. accept? Show all calculations to get credit. Make sure you state clearly whether it should be sell or lease and why. 7 A- B I := III - I U X2 x2 CP c