ANSWER IN DETAILED MANNER AND USED 2 DECIMAL

Solve the problem using the EUAC Method. Supply the answers to the required items

Two machines are being considered by a company for their intermediate drilling operations in the province. The minimum rate of return is 20%. Machine A Machine B Initial cost 200,000 300,000 Life, years 10 10 Salvage value 20,000 50,000 Annual receipts 90,000 120,000 Annual disbursements 35,000 45,000