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Machine J has a first cost of exist50,000, an estimated service period of 12 years, and an estimated salvage value of exist14,000 at the end

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Machine J has a first cost of exist50,000, an estimated service period of 12 years, and an estimated salvage value of exist14,000 at the end of the 12 years. Estimated annual disbursements for operations and maintenance are exist6,000 for the first year, exist6, 300 for the second year, and will increase exist300 each year thereafter. An alternate is Machine K, which has a first cost of exist30,000 and an estimated zero salvage value at the end of the 12-year service period. Estimated annual disbursements for operation and maintenance are 58,000 for the first year, exist8, 500 the second year, and will increase exist500 each year thereafter. Estimated extra income taxes with Machine J are exist750 the first year, exist850 the second, and will increase exist 100 each year thereafter. Using an after-tax i* of 12% compare the equivalent uniform annual cost of a 12-year service from Machines J and K

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