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 $$69,000.$ It will last $10$ years with annual maintenance costs of $$2,200$ per year. After $10$ years the machine can be sold for $$7,245.$

Machine $B$ could be purchased for $$57,500.$ It also will last $10$ years and will require maintenance costs of $$8,800$ in year three, $$11,000$ in year six, and $$13,200$ in year eight. 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 paid 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: Do not round intermediate calculations. Round your final answers to nearest whole dollar amount. Use tables, Excel, or a financial 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,$]]$