Equivalent annual cost: Your company have project that required intial investment to buy a machine for $250,000. Calculate EAC. The operating cost for the machine (before tax) is $65,000 per year. The machine's expected useful life is 7 years with no salvage value at the end of its useful life. There is no change in the networking capital required. The required return for the project is 10%. The CCA rate for the machines is 20\%. The company's marginal income tax rate is 40%. Calculate the NPV for the machine using the six step approach (nearest dollar without dollar sign (\$) or comma, e.g. 15000) Negative cash flow is 15000 ): What is the NPV for the machine? What is the EAC for the machine