16. A machine has a five-year life, a cost of $820,000, and annual negative operating cash flow of -$60,000. If the required return is 12%, what is the machine's equivalent annual cost (EAC)?

Group of answer choices

$165,007

$281,868

$310,699

$287,476

17. Project A-1 has an NPV of $75,900 and an IRR of 17.2%. Project A-2 has an NPV of $59,450 and an IRR of 23.7%.

Which project would you select?

Group of answer choices

Project A-1

Project A-2

Neither