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Question 4 (1 point) Machine X has an upfront cost of $394,500 and annual operating costs of $11,925 over its 4-year life. Machine Y costs

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Question 4 (1 point) Machine X has an upfront cost of $394,500 and annual operating costs of $11,925 over its 4-year life. Machine Y costs $365,000 upfront and has annual operating costs of $5,900 over its 3-year life. Whichever machine is purchased will continue to be replaced at the end of its useful life. If the required return is 15.25% for both machine, what is the absolute value of the dollar difference between the EACs of the two machines? $14,449 $14,840 $15,230 $15,621 $16,011

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