3.34 pts D Question 19 A machine has a seven year life, a cost of $550,000, and annual negative operating cash flow of -$45,000. If the required return is 10%, what is this project's equivalent annual cost (EAC)? O $112,973 O $147.703 $160,203 $157,973 3.34 pts Question 20 BIIB Corp. is purchasing a new machine with an installed cost of $875,000. This cost will be depreciated using a straight-line method for tax purposes (not MACRS) over the project's seven-year life to zero. At the end of seven years the system can be sold for $25,000. The system will require an initial working capital investment of $15,000 and no additional working capital investment will be needed in future years. At the end of the project the working capital investment will be liquidated and realized as a cash inflow in year 7. The project will result in annual operating cost savings of $225,000. The company's tax rate is 30% and management requires a rate of return of 12% on capital project investments. What is the net present value (NPV)? O $14,634 O $76,019 $7,849 $29,634 Question 21 3.34 pts Project ABC has an NPV of $35,654 and an IRR of 13.5%. Project XYZ has an NPV of $39,450 and an IRR of 12.7%. Which project would you select? Project ABC O Project XYZ