Jackson & Sons uses packing machines to prepare its products for shipping. They need to replace their primary packing machine and are considering two different options. Machine 1 costs $402,700 and lasts 3 years before it needs replaced. The annual aftertax operating cost for the machine is $38,300. Machine 2 costs $532,900 and should last for 8 years. It has an annual aftertax operating cost of $24,700. What is the equivalent annual cost of each machine if the required return is 17 percent?

EAC for Machine 1 =

EAC for Machine 2 =