Use this information for Problems 19-21: Your company is looking to purchase a backhoe for $70,000. It will have a useful life of 7 years and an estimated salvage value of $10,000. Based on previous year's business, you estimate 900 billable hours per year for the machine at a rate of $90 per hour. The equipment cost is estimated to be $30/hour and the operator cost is $35/hour. The MARR is 18%. Question 19 5 pts What is the expected annual profit from this backhoe purchase