I would like to learn how to do this in excel.

You are starting a family pizza parlor and need to buy a motorcycle for delivery orders. You have two models in mind. Model A costs $8,900 and is expected to run for 6 years; Model B is more expensive, with a price of $15,100, and has an expected life of 10 years. The annual maintenance costs are $820 for Model A and $600 for Model B. Assume that the opportunity cost of capital is 9 percent. Calculate equivalent annual costs (EAC) of each models. (Do not round the discount factor. Round intermediate calculations and final answers to 2 decimal places, e.g. 15.25.) EAC of Model A is $ EAC of Model B is $ Which one should you buy? You should buy Save for Later Attempts: 1 of 2 used Submit