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Esquire Compary needs to acquire a molding machine to be used in its manulacturing process. Two types of machines that would be approptiate are presently

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Esquire Compary needs to acquire a molding machine to be used in its manulacturing process. Two types of machines that would be approptiate are presently on the market. The company has determined the foliowing: Machine A could be purchased for $69.000, it will last 10 years with annual maintenance costs or $2.200 per yeat After 10 years the machine can be sold for $7.245. Machine 8 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 elght. After 10 years, the machine will have no salvage value. Required: Assume an interest rote of Bx properly reflects the time value of money in this stuation 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: Negative amounts should be indicated by a minus sign, Do not round intermediate calculotions. Pound your final answers to nearest whole dollar amount. Use tables, Excel, or a financial calculator. EV of S1, PV of s1. EVA of S1, PVA of \$1, EVAD of \$1 and PVAD ofsi)

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