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The Lesseig Company has an opportunity to invest in one of two mutually exclusive machines that will produce a product the company will need for

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The Lesseig Company has an opportunity to invest in one of two mutually exclusive machines that will produce a product the company will need for the next 8 years. Machine A has an after-tax cost of $B.1 million but will provide after-tax inflows of $4.4 million per year for 4 years. If Machine A were replaced, its aftertax cost would be $9.5 misilion due to inflation and its after-tax cash inflows would increase to $4.7 million due to production efficiencies. Machine B has an aftertax cost of $13.9 million and will provide after-tax inflows of $3.5 million per year for 8 years. If the WACC is 14%, which machine should be acquired? Explain. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Do not round intermediate calculations. Round your answers to two decimal places

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