Use the following data for questions 39 & 40: The Broad College's Starbucks owner has been given the option of buying a new espresso machine that works twice as fast as the existing one. The machine will allow the store to cut costs by $5275 per year over the next 3 years. The store is able to invest unused cash at a rate of 5.2% annual interest Question 39: What is the present value of the cost savings? Multiple Choice $14,311.47 $16,662.16 $15,825.00 O $12A91.84 $18.618.36 Use the following data for questions 39 & 40: Question 40: Using your solution to Question 39, and assuming the machine can be purchased on credit at 5.2% annual interest with 3 years of monthly payments, what is the maximum monthly payment the store owner should be willing to make for the machine? 20:30 Multiple Choice $39674 $430.21 $47571 $486.07 Use the following data for questions 39 & 40: The Broad College's Starbucks owner has been given the option of buying a new espresso machine that works twice as fast as the existing one. The machine will allow the store to cut costs by $5275 per year over the next 3 years. The store is able to invest unused cash at a rate of 5.2% annual interest Question 39: What is the present value of the cost savings? Multiple Choice $14,311.47 $16,662.16 $15,825.00 O $12A91.84 $18.618.36 Use the following data for questions 39 & 40: Question 40: Using your solution to Question 39, and assuming the machine can be purchased on credit at 5.2% annual interest with 3 years of monthly payments, what is the maximum monthly payment the store owner should be willing to make for the machine? 20:30 Multiple Choice $39674 $430.21 $47571 $486.07