solve

The Lesseig Company has an opportunity to invest in one of two mutually exclusive machines that will produce a product the company will need for the next 8 years, Machine A has an after-tax cost of $8.5 million but will provide after-tax inflows of $4.2 million per year for 4 years. If Machine A were replaced, its attertax cost would be $10.4 million due to inflation and its after-tax cash inflows would increase to $4.6 million due to production efficiencies. Machine B has an aftertax cost of $13.9 miltion and will provide after-tax inflows of $3.5 million per year for 8 years. If the WACC is 8%, which machine should be acquired? Explain. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Do not round intermediate calculations. Round your answers to two decimal places. Machine is the better project and will increase the company's value by $ millions, rather than the s millions created by Machine Continue without saving