Orange Grove Enterprises is upgrading its fruit washing/separating machine. Orange Grove Enterprises has narrowed the decision down to two machines: Machine A and Machine B. Pertinent information about each machine include: Machine A Machine B Investment $450,000 $650,000 Useful life (years) 10 10 Estimated annual net cash flow for useful life $75,000 $120,000 Residual value $25,000 $35,000 Depreciaion method straight-line straight-line Required rate of return 10% 12% PRESENT VALUE of $1 Periods 10% 12% 9 0.424 0.361 10 0.386 0.322 11 0.350 0.287 PRESENT VALUE of ANNUITY of $1 Periods 10% 12% 9 5.759 5.328 10 6.145 5.650 11 6.495 5.938 Required: a. Calculate the net present value of Machine A. b. Calculate the net present value of Machine B. c. Using the net present value method, which machine should the company select if it can select only one investment