Technology Innovations is planning to purchase one of two chip insertion machines. Due to the pace of technological change in this area, it is realistic to assume that these are one-shot investments. The expected cash flows for each machine are shown below. MARR is 6.0%/year. E Series M Series Initial Investment $40,000 $60,000 Estimated Life End of Life Salvage $10,000 Annual Income Annual Expense $10,000 $6,000 $0 21,900 28,500 Click here to access the TVM Factor Table Calculator Your answer is incorrect. Try again. What is the present worth of each machine? E Series: $ 19125 24247 M Series: $