"Machine A costs $13,000 and will last 8 years, at which time the value of the machine is $5,000. Machine A is also worth $5,500 in 7 years). Machine B costs $14,000 and will last 5 years, after which the machine is worth $3,000. You can lease Machine B (only if you purchased one initially) for $5,000 per year (payment due at the end of the year). You need either machine for 7 years (required service period). Both machines have the same production speed and capacity, and interest = 11% annually. The annual maintenance cost of each machine is negligible. What is the Present Total Cost of the machine that should be purchased? Enter your answer as a positive number." You Answered 1,612.5 Correct Answers 10,351 (with margin: 104)