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please answer 3. (20 pts.) Happy Foods Inc. must purchase a new gumdrop machine. Two machines are available. Machine 7745 has a first cost of

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3. (20 pts.) Happy Foods Inc. must purchase a new gumdrop machine. Two machines are available. Machine 7745 has a first cost of $10,000, an estimated life of 10 years, a salvage value of $1,000, and annual operating costs estimated at $0.005 per 1,000 gumdrops. Machine A37Y has a first cost of $8,000, a life of 10 years, and no salvage value. Its annual operating costs will be $300 regardless of the number of gumdrops produced. MARR is 6 percent/year. It is expected that 30 million gumdrops will be produced each year. Both machines are expected to generate an annual revenue of $2500. Draw net cash flow diagram for both machines. Calculate the net cashflows for each machine and provide your recommendation based on future worth (FW) analysis

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