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A company is considering replacing a machine that was bought five years ago for $48,000. The machine, however, can be repaired and its life extended five more years. If the current machine is replaced, the new machine will cost $43,500 and will reduce the operating expenses by $5,300 per year. The seller of the new machine has offered a trade-in allowance of $14,300 for the old machine. If MARR is 8% per year before taxes, how much can the company spend to repair the existing machine Choose the closest answer below. $2,700 $8,039 $50,361 $22,339