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Check My Work (No more tries available) The Lesseig Company has an opportunity to invest in one of two mutually exclusive machines that will produce

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Check My Work (No more tries available) The Lesseig Company has an opportunity to invest in one of two mutually exclusive machines that will produce a product the company will need for the next 8 years. Machine A has an after-tax cost of $8.9 million but will provide after-tax infows of $4.2 million per year for 4 years. If Machine A were replaced, its after. tax cost would be $10 million due to inflation and its after-tax cash inflows would increase to $4.4 million due to production efficiencies. Machine 8 has an aftertax cost of $13.1 million and will provide after-tax inflows of $3.5 million per year for 8 years. If the WACC is 12%, which machine should be acquired? Explain. Enter your answers in mitions. For example, an answer of $10,550,000 should be entered as 10.55 , Do not round intermediate calculations. Round your answers to two decimal places. Machine Machine isthebetterprojectandwillincreasethecompanysvalueby$millions,ratherthanthe$)milionscreatedby

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