8.23 ABC Company is considering purchasing manufacturing equipment from two different suppliers. Equipment A has a purchase price of $2.9 million and will cost $80,000, pre-tax, to operate on an annual basis. Equipment B, on the other hand, has an initial cost of $5.7 million and costs $69,000, pre-tax, annually. Equipment A will have to be replaced every 8 years and has a salvage value of $340,000, while equipment B has a useful life of 12 years with a salvage