Robust Tire Company needs to overhaul its auto lift system or purchase a new one. The facts have been gathered, and they are as follows:

	Current Machine	New Machine
Purchase price, new	$130,750	165,800
Current book value	36,100
Overhaul Needed Now	29,500
Annual cash operating costs	70,000	50,800
Current salvage value	41,000
salvage value in 9 years	8,700	34,500

Begin by selecting the formula to calculate the present value(PV) for the annual operating costs. Then, calculate the PV of the operating costs for both the current machine and the new machine.Use factors to three decimal places, X.XXX, and round all currency calculations to the nearest whole dollar. Use a minus sign or parentheses to show cash outflow (costs) and for a negative net present value.)

Formula. ________ x ______ = PV of cash operating cost

Current Machine _______ x _______ = _______

New Machine ________ x ________ = _______