Imagine that we are in a Final Offer Arbitration case. The player asks for a salary of $8 million and the team offers $4 million. If the arbitrator thinks that the salary the player deserves is $5 million, what will the arbitrator determine the player's salary to be?

Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?