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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

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"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 $920,000, an annual operating cost of $55,200 and a machine life of 3 years.; Machine B as an upfront purchase price of $1,300,000, an annual operating cost of $65,000 and a machine life of 5 years; If our company has a WACC of 14.8%, which machine has the lower equivalent annual cost (EAC) and what is its EAC?" "Machine A / EAC = $456,803" "Machine A/EAC = $450,975" O "Machine B/EAC = $456,803" O "Machine B/EAC = $450,975" O "Machine A/EAC = $1,046,453" O "Machine B/EAC = $1,518,926" Insufficient data provided to compute

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