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Marigold Corporation bought a new machine and agreed to pay for it in equal annual installments of $4,520 at the end of each of the

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Marigold Corporation bought a new machine and agreed to pay for it in equal annual installments of $4,520 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 Marigold record as the cost of the machine? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places e.g. 458,581.) $ Cost of the machine to be recorded

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