Q 3: A company is considering its options for a machine to use in production. At a cost of $47 they can make some small repairs on their current machine which will make it last for 2 more years. At a higher cost of $90 they can make some more extensive repairs on their current machine which will make it last for 4 more years. A new machine costs $300 and will last for 8 years. The company is facing an interest rate of 10%. Determine the best action. (20 marks)