The dean of the School of Fine Arts is trying to decide whether to purchase a copy machine to place in the iobby of the building The machine would add to student convenience, but the dean feels compelled to earn an 12 percent return an the investrent of funds Estimafes of cash inflows from copy machines that have been placed in other unlversity bulidings indicate that the copy machine would probabiy produce incremental cash inflows of approwimately $11,500 per year, The machine is erpected to thave a thee year usoful life with a zero salvage value. (Use appropriate factor(s) from the tables provided.) Required a. Use Present Value Appendix PV of S1, to determine the maximum amount of cash the dean should be willing to pay for a vogy machine. (Round your intermediate calculations and final answer to 2 decimal places.) b. Use Present Volue Appendix PVA of \$1, to determine the maximum amount of cash the dean should be willing to pay far a copy. machine. (Round your final answer to 2 decimal places.)