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I Buffalo Corporation bought a new machine and agreed to pay for it in equal annual installments of $5,370 at the end of each of

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\\\"I Buffalo Corporation bought a new machine and agreed to pay for it in equal annual installments of $5,370 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 8% applies to this contract, how much should Buffalo record as the cost of the machine? (Round factor values to 5 decimal places, e.g. 1.25124 and nal answer to 0 decimal places, e.g. 458,581.) Cost of the machine to be recorded $

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