By installing a new injection molding machine into its assembly line, plastic molding inc. can decrease its production cost by an estimated $35,000 the first year of installment, with an additional decrease of $4,000 each year throughout the life of the equipment. it is estimated the new equipment will have a 10 years useful life and a salvage equal to 10% of its initial cost. use a nominal interest rate of 15% to calculate how much plastic molding inc. can afford to pay for the new machine