"The FIN340 Company is evaluating the purchase of 2 competing machines and wants to choose the machine with the lower equivalent annual cost (EAC); Machine A has an upfront purchase price of $208,400, an annual operating cost of $22,924 and a machine life of 3 years.; Machine B has an upfront purchase price of $297,000, an annual operating cost of $37,125 and a machine life of 6 years; If our company has a WACC of 15.0%, which machine has the lower equivalent annual cost (EAC) and what is its EAC?" "$115,603 / Machine A" "$115,603 / Machine B" "$437,499 / Machine B" "$114,198 / Machine A" "$114,198 / Machine B" "$260,741 / Machine A" "$437,499 / Machine A" "$176,758 / Machine B" "The FIN340 Company is evaluating the purchase of 2 competing machines and wants to choose the machine with the lower equivalent annual cost (EAC); Machine A has an upfront purchase price of $208,400, an annual operating cost of $22,924 and a machine life of 3 years.; Machine B has an upfront purchase price of $297,000, an annual operating cost of $37,125 and a machine life of 6 years; If our company has a WACC of 15.0%, which machine has the lower equivalent annual cost (EAC) and what is its EAC?" "$115,603 / Machine A" "$115,603 / Machine B" "$437,499 / Machine B" "$114,198 / Machine A" "$114,198 / Machine B" "$260,741 / Machine A" "$437,499 / Machine A" "$176,758 / Machine B