The India Manufacturing Company plan to purchase three machines, one each year. They will take their rst machine 9 years from today, the machine two on tenth year and the third machine 11 years from today. The type of machine they will take currently costs Rs. 5,000, but they expect ination will increase this cost by 3.5% per year on average. They will contribute to an account to save for these machines that will earn 8% per year. What equal contributions must they make today and every year until their rst machine (ten contributions) in order to have saved enough at that time for all three machines? They pay for machines when taken.