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 $12,491.84 $18,618.36