The upgraded version of a machine has a first cost of $20,000 an annual operating cost of $6,000 and a salvage value of $5,000 after its 8 year life. At an interest rate of 10% per year the capitalized cost is closest to.. Please show work.
a) $-9,312
b) $-10,006
c) $-93,120
d) $-100,060