Machine X has an upfront cost of $387,000 and annual operating costs of $11,700 over its 4-year life.Machine Y costs $360,000 upfront and has annual operating costs of $5,820 over its 3-year life. Whichever machine is purchased will continue to be replaced at the end of its useful life.If the required return is 15.00% for both machine, what is the absolute value of the dollar difference between the EACs of the two machines?

Question 24 options:

a)$15,427

b)$15,833

c)$16,239

d)$16,645

e)$17,051