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You are evaluating two different Vertical Turret Milling Machines(VTM). The VTM1 costs Rs. 395,000, has a three-year life, and has pretax operating costs of Rs. 40,000 per year. The VTM2 costs Rs. 470,000, has a five-year life, and has pretax operating costs of Rs.52,000 per year. For both milling machines, use straight-line depreciation to zero over the project's life and assume a salvage value of Rs. 20,000. If your tax rate is 35 percent and your discount rate is 14 percent, compute the EAC for both machines. Which do you prefer? Why?