Williams Auto has a machine that installs tires. The machine is now in need of repair. The machine originally cost $10,500 and the repair will cost $1,500, but the machine will then last two years. The labor cost of operating the machine is $0.60 per tire. Instead of repairing the old machine, Williams could buy a new machine at a cost of $5,500 that would also last two years; the labor cost would then be reduced to $0.40 per tire. Williams expects to install 10,500 tires in the next two years. Required: a. Determine the total (two-years) cost for both repairing and replacing the machine.