QUESTION 20 "The FIN340 Company is evaluating the purchase of 2 competing machines and wants to choose the machine with the lower equivalent annual cost (EAC) Machine A has an upfront purchase price of $1,025,000, an annual operating cost of $61,500 and a machine life of 3 years. Machine B as an upfront purchase price of $1,400,000, an annual operating cost of $70 000 and a machine life of 5 years, If our company has a WACC of 15.4%, which machine has the lower equivalent annual cost (EAC) and what is its EAC? "Machine B/EAC = $491,604" Machine A/EAC = $1,164,492 "Machine B/EAC = $1,632 446" "Machine A/EAC $513,407" "Machine A/EAC = $491,604" "Machine B/EAC $513,407" Insufficient data provided to compute