Intro Downtown Abbey Corp. wants to buy a new sheep-shearing machine. It has narrowed down the choice to two machines that can do the job equally well: Machine name Purchase price Useful life (years) Maintenance cost (end of each year) The Shearilizer Naked Sheep 10,000 20,000 4 5 4,000 3,000 The relevant discount rate is 10%. There are no taxes. Part 1 IB - Attempt 1/6 for 10 pts. What is the net present value of all costs associated with the Shearilizer (in absolute terms)? 0+ decimals Submit Part 2 B | Attempt 1/6 for 10 pt What is the equivalent annual cost for the Shearilizer (in absolute terms)? 0+ decimals Submit Part 3 - Attempt 1/6 for 10 pts. What is the equivalent annual cost for the Naked Sheep (in absolute terms)? 0+ decimals Submit IB Attempt 1/2 for 10 pts. Part 4 Which machine should the company buy? The one with the higher equivalent annual cost The one with the lower equivalent annual cost Submit