A currently used machine costs $5,000 annually to run. What is the maximum that should be paid to replace the machine with one that will last 7 years and will cost only $1,500 annually to run? The opportunity cost of capital is 3%. The maximum amount that should be paid is: $ Number (please round your final result to 2 decimals, but keep as many decimals as possible during calculation) Suppose a company had an initial investment of $45,000. The cash flow for the next five years are $13,000, $16,000, $14,000, $19,000, and $16,000, respectively. The interest rate is 6%. Enter your answer rounded to 2 DECIMAL PLACES. What is the discounted payback period? Number If the firm requires a discounted payback periods 3 years or less, will the project be accepted? Yes O No