Solve by hand not with excel

Old Southwest Canning Co. has determined that any one of four machines can be used in its chili- canning operation. The cost of the machines are estimated below, and all machines have a 5-year life. If the minimum attractive rate of return is 25% per year, determine which machine should be se lected on the basis of a rate of return analysis. First Cost,$ 28,000 51,000 32,000 33,000 Machine , $ 20,000 12,000 19,000 18,000 4 Old Southwest Canning Co. has determined that any one of four machines can be used in its chili- canning operation. The cost of the machines are estimated below, and all machines have a 5-year life. If the minimum attractive rate of return is 25% per year, determine which machine should be se lected on the basis of a rate of return analysis. First Cost,$ 28,000 51,000 32,000 33,000 Machine , $ 20,000 12,000 19,000 18,000 4