A treasurer of a large corporation is considering to replace the old lathe. She narrowed down the alternatives into 3 . The first machine will cost $22000, has a salvage value of $3300, a useful life of 12 years, and the annual operating cost of $1453. The second machine will cost $18000, has a salvage value of $8500, a useful life of 6 years, and the annual operating cost of $1580. The third machine will cost $27500, has a salvage value of $11000, a useful life of 14 years, and the annual ofyrating cost of $1300. The discount rate is 9 percent. Which of these alternatives is the best tased on equivalent annual cost (EAC)? What is the equivalent annual cost of the best machine? 4337436144634331