Managers of Waterway Embroidery havo decided to purchase a new moncigram machine and are considering two alternative machines. The first machine costs $124,000 and is expected to last five vears. The second machine costs $198,000 and is expected to last eight years. Assume that the opportunity cost of capital is 8 percent. What is the equivaleat annual cost for each system?(Do not round intermediate calculotions: Round finaf answers to 2 decimal ploces, e. 3.275.) Which machine should Waterway Embroidery mirchase? Waterway Enbroidery should porchave the machine