Jinx Company financed the purchase of a machine by paying $24,000 a year for the next five years, with the first payment due one year from today. The purchase cost of the machine is considered to be the present value of those payments. What was the purchase cost of the machine to Jinx assuming a discount rate of 8%? You need to choose only one of the tables below to calculate the cost. O $95,825 o $140,800 $120,000 O $35,264