ICLO 3 Amanufacturing company bought a machine 2 years ago for AED45,000 to make ittlewirts. The machine broke and cannot be repaired. The company could buy machine 007 for AED50,000 or machine 012 for AED65,000 to continue its nitswirts production. It opted for the 012 machine. Alternatively, the company could have stopped it nittewirts production and instead invested the AED65,000 in a new project that would have produced a cash inflow of AEDT2,000 REQUIRED: Use this case to explain 3 important cost concepts. Use the AED numbers to illustrate your explanation