Esquire Company needs to acquire a molding machine to be used in its manufacturing process. Two types of machines that would be appropriate are presently on the market. The company has determined the following:

Machine A could be purchased for $$27,000.$ It will last $10$ years with annual maintenance costs of $$900$ per year. After $10$ years the machine can be sold.for $$2,835.$

Machine $B$ could be purchased for $$22,500.$ It also will last $10$ years and will require maintenance costs of $$3,600$ in year three, $$4,500$ in year SIx, and $$5,400$ in year elght. After $10$ years, the machine will have no salvage value.

Required:

Assume an interest rate of $8\%$ properly reflects the time value of money in this situation and that maintenance costs are pald at the end of each year. Ignore income tax considerations.

Calculate the present value of Machine A & Machine B$.$ Which machine Esquire should purchase?

Note: Negatlve amounts should be Indlcated by a minus sign. Do not round Intermedlate calculations. Round your final answers to nearest whole dollar amount. Use tables, Excel, or a financlal calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

$\backslash$table$[[,],[$Machine A$,$PV$],[$Machine B$,],[$Esquire should purchase,$]]$