3. A manufacturing company is considering installing a production m has two alternatives as following: (30 pts). Machine Initial Cost Estimated salvage value at the end of useful life $65,000 $12,000 $40,000 $8,000 Useful life of machines, in years Estimated market value, end of 10-year analysis period 9,.0 $13,000 Assume that Machine A will be The manufacturer uses 8%, interest replaced by an identical machine after its six-year useful life. rate. Use present worth analvsis and compare these nes over an analsis period of 10 years. Which machine should be chosen? 3. A manufacturing company is considering installing a production m has two alternatives as following: (30 pts). Machine Initial Cost Estimated salvage value at the end of useful life $65,000 $12,000 $40,000 $8,000 Useful life of machines, in years Estimated market value, end of 10-year analysis period 9,.0 $13,000 Assume that Machine A will be The manufacturer uses 8%, interest replaced by an identical machine after its six-year useful life. rate. Use present worth analvsis and compare these nes over an analsis period of 10 years. Which machine should be chosen