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You just purchased a pin-inserting machine to relieve some bottleneck prob- lems that have been...

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You just purchased a pin-inserting machine to relieve some bottleneck prob- lems that have been created in manufacturing a PC board. The machine cost $56,000 and has an estimated service life of five years. At that time, the esti- mated salvage value would be $5,000. The machine is expected to operate 2,500 hours per year. The expected annual operating and maintenance cost would be $6,000. If your firm's interest rate is 15%, what would be the machine cost (own- ing and operating) per hour

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