Formula too please.

ormat Painte Alignm clipboard x feA factory is considering purchasing a ne A1 A factory is considering purchasing a new machine. It has two alternatives. Machine A costs $15,000 to purchase and 6,000 maintenance cost every year. Machines B costs $30,000 to purchase and its annual maintenance cost is $1,000. Machine A can last 3 years while Machine B has a life of 5 years. If the company chooses one machine, it will have to continue to choose the same machine forever. Which machine should the company choose if the discount rate is 8%? Please show all your work 2 Discount rate 8% 4 Cost 5 Annual costs 6 Life span 7 Machine A Machine B 30,000 1,000 3 years 5 vears 15,000 6,000 9 10 Based on your work which machine would 11 you choose? 12 13 14 15 16 17 18 19 20/ 21 23