Laramy purchases a new machine by issuing a $21,000 three-year note. The company will pay off the obligation by paying $7,000 at the end of each year. The market rate for obligations of this type is 8%. Actuarial information for three periods follows: Present value of 1 Present value of annuity of 1 8% 0.793832 2.577097 What is the capitalizable cost of the machine? O 854,119.04 O 21,000.00 $18,039.68 O 516,670.48