Question 2 (1 point) The company is considering replacing a broken inspection machine. They can purchase a used machine for $5000. The used machine will require an immediate $1200 overhaul to restore it to working condition. If repaired the machine can be used for another 3 years. The operating costs are estimated at $2000 during the first year, and these costs are expected to increase by $1500 per year thereafter. The value of the machine is expected to decline by 25% per year over the previous year's value (from the original $5000). At a MARR of 15%, determine the economic service life of the machine. O 1 year O 2 years O 3 years O None of the above