squire Company needs to acquire a molding machine to be used in its manufacturing process. Two types of machines that would be appropriate are presently on the market. The company has determined the following: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Machine A could be purchased for $21,000. It will last 10 years with annual maintenance costs of $700 per year. After 10 years the machine can be sold for $2,205. Machine B could be purchased for $17,500. It also will last 10 years and will require maintenance costs of $2,800 in year three, $3,500 in year six, and $4,200 in year eight. After 10 years, the machine will have no salvage value. Required: Assume an interest rate of 8% properly reflects the time value of money in this situation and that maintenance costs are paid at the end of each year. Ignore income tax considerations. Calculate the present value of Machine A & Machine B. Which machine Esquire should purchase? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your final answers to nearest whole dollar amounT

Harding Company is in the process of purchasing several large pieces of equipment from Danning Machine Corporation. Several financing alternatives have been offered by Danning: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. Pay $1,030,000 in cash immediately. 2. Pay $470,000 immediately and the remainder in 10 annual installments of $85,000, with the first installment due in one year. 3. Make 10 annual installments of $147,000 with the first payment due immediately. 4. Make one lump-sum payment of $1,640,000 five years from date of purchase. Required: Determine the best alternative for Harding, assuming that Harding can borrow funds at a 9% interest rate. (Round your final answers to nearest whole dollar amount.)