Consider two alternative investments in machinery equipment. Machine A has an initial capital outlay of $105,000. It has an expected life span of three years and an annual maintenance expense of $11,000. The cost of capital for the firm making the decision is 5%. What is the equivalent annual cost of machine B? $48,149.12 $48,920.59 $49,052.74 $49,125.74 $49,556.90