"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 $153,400, an annual operating cost of $16,874 and a machine life of 3 years.; Machine B has an upfront purchase price of $247,000, an annual operating cost of $30,875 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?"