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Please don't use Excel, hand work would be great! Thank you. Your company purchases a new CNC machine for $100,000 today (beginning Year 0). In

Please don't use Excel, hand work would be great! Thank you.

Your company purchases a new CNC machine for $100,000 today (beginning Year 0). In 8 years it will have a salvage value of $29,000, and it produces 8,000 parts per year. The machine will require O & M costs of $41,000 every year. If i = 12% annual rate compounded annually, what is the total cost per part? [15 pts]

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