Please show all the steps

3. A dairy company h as the choice of two new milking machines but is not sure which ARR is 12%, which should be chosen? machine to purchase. The company's M Sour Milk Butter Milk Useful Life (years) First Cost Salvage Value $250,000 13,000 92,000 1,250 16,000 19 $460,000 26,000 103,000 2,100 18,000 Annual Benefit Annual Benefit Gradient O&M