1.A) Consider the following two machines a company can purchase. The following table provides the costs of the machines and the annual cash flows obtained from the machines over their lifetimes.

	Initial Cost	Cash Inflows per year	Years of Service
Machine A	$19,000	$14,000	6
Machine B	$6,000	$12,000	4

The discount rate is 4%.

What is the net present value for Machine A? For Machine B?

b) Given the NPV found in question A. What are the equivalent annual costs for each machine?

EAC Machine A =

EAC Machine B =

Please answer all parts and round to 2 decimal points where applicable for a thumbs up, Thanks !