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)? $165,007$287,476$310,699$281,868 Question 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? Neither Project A-5 Project A-1