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Machines that have the following costs are under consideration for a new manufacturing process. Compute the Equivalent Annual Worth with an interest rate of 8

Machines that have the following costs are under consideration for a new manufacturing process. Compute the Equivalent Annual Worth with an interest rate of 8%, compounded semiannually. The machine last 4 years.
First cost: $40,000
Semiannual operating cost: $8,970
Semiannual incomes: $14,000
Salvage value : $10,000
a. EAW=$2,285
b. EAW=$175
c. EAW=$1,958
d. EAW=$21,745
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