The initial cost of a machine is $600,000 with annual operating costs (cash flows] of $39,600. Each machine has a life of five years before it is replaced. Ignore taxes. What is the equivalent annual cost (EAC) of this machine if the required return is 14 percent? (Hint: costs implies negative amounts) $214,370.13 $230,790,00 O $231,765.18 $233,987.76