The Big Brand Studios is considering purchasing a new set of camera crane machines for $20,000,000 in year 0. The useful life of the machine is 10 years. At the end of which the machine is estimated to have a salvage value of $3,000,000. The annual O&M cost is estimated to be $1.250,000. If the company requires an MARR of 15%, calculate the minimum Annual Benefit necessary to make the decision to invest using the modified B/C ratio method. (12 points) $ $ Initial Cost Annual Cost Annual Benefit Salvage Value MARR Life Time 20,000,000 1,250,000 ???? 3,000,000 15% 10 $