PROBLEM The following costs are associated with three tomato-peeling machines being considered for use in a food canning plan Machine A $52,000 15,000 Machine B $67,000 12,000 Machine C $63,000 9,000 First cost Annual Maintenance & Operating costs Annual increase starting in vear 2 Annual benefit Salvage value Useful life, in years 38,000 13,000 4 37,000 22,000 12 250 31,000 19,000 If the canning company uses a MARR of 12%, which is the best alternative? Show your analysis using each of the following methods: (a) Present worth (b) Annual equivalence (c) Rate of return