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The Lesseig Company has an opportunity to invest in one of two mutually oxeluslve 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 oxeluslve machines that will produce a product the company will need for the next 8 years. Machine A has an after-tax cost of 59.2 milion but will provide after-tax infiows of $4.7 milion per year for 4 years. If Machine A were replaced, its after-tax cost would be 511.2 milion due to intotion and its after-tax cash inflows would increase to $5.1 million due to production efficiencies. Machine 8 has an after-tax cost of $14.5million and wil provide after-tax infiows of \$4.2 million per vear for 8 years. If the wACC is 9%, which machine should be acquired Explain. Enter your answers in miltions, 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. Machine : is the better project and will increase the company's value by s millions, rather than the $ milliens created by Machine

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