Hi Chegg, I am trying to help my son with this preparation question for Finance, and reading the book is helping me understand. I would really appreciate a solution that shows all of the calculation steps in full to better communicate the process with him. Thank you kindly for your help. I will post a positive review and "thumbs up" your answer.

Alan Moore runs an Al company that involves 10 giant Behemoth artificial neural network computers. These computers have gotten old and need to be replaced. Mr. Moore is considering two options: 1) replace the existing machines with 10 new and updated Behemoth units (each will cost $800,000 and will not involve any additional operating costs), and 2) purchase 10 new Shikari machines that will cost $1.25 million each and will save $500,000 per year in operator costs. Note that Shikari units will last for 10 years, while Behemoth units are 47.5 (and 47) should be viewed as production costs. Both costs are to be accounted for when calculating the EAC. IMPORTANT: "Year: 1-7" in the table means that the cost in Year 1 is 47.5, in Year 2 is 47.5,, in Year 7 is 47.5, i.e., the production costs are given per year. (a) Based on the internal rate of retyfn (IRR) figures from the table, which machines should Mr. Moore buy, Behemoth or Shil ari? Is this decision reliable? If not, why? (20 MARKS) (b) Based on the payback period figures from the table, which machines should Mr. Moore buy, Behemoth or Shikari? Is this decision reliable? If not, why? (20 MARKS) (c) Based on the net present value (NPV) figures from the table, which machines should Mr. Moore buy, Behemoth or Shikari? Is this decision reliable? If not, why? (20 MARKS) (d) Calculate the equivalent annual benefit (or cost) for each group of machines (Behemoth and Shikari). Based on such callulations, Which machines should Mr. Moore buy, Behemoth or Shikari? Is this decision reliable? If not, why? (40 MARKS)