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Jackson & Sons uses packing machines to prepare its products for shipping. They need to replace their primary packing machine and are considering two different

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 $407,100 and lasts 4 years before it needs replaced. The annual aftertax operating cost for the machine is $36,100.
Machine 2 costs $535,100 and should last for 6 years. It has an annual aftertax operating cost of $23,600.
What is the equivalent annual cost of each machine if the required return is 15 percent?
EAC for Machine 1=
EAC for Machine 2=
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