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show how to solve in excel and show all work please Which new machine should it choose? [ Hint: Use the common life approach and

show how to solve in excel and show all work please
Which new machine should it choose? [Hint: Use the common life approach and the EAA approach]
A hardware company is considering replacing an old, fully depreciated power machine. Two options are available: 1. An electric-powered machine (Project E), which has an initial cost of $360,000, a 6-year life, and expected after-tax cash flows of $102,000 per year; 2. A gas- powered machine (Project G), with an initial cost of $190,000, a 3-year expected life, and
expected after-tax cash flows of $90,000 per year, and Assume that the company's cost of capital is 14%.

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