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 $9.1 million but will provide after-tax inflows of $4.6 million per year for 4 years. If Machine A were replaced, its after-tax cost would be $11 million due to inflation and its after-tax cash inflows would increase to $4.9 million due to production efficiencies. Machine B has an after-tax cost of $14.4 million and will provide after-tax inflows of $4 million per year for 8 years. If the WACC is 15%, 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.

Machine -Select-ABItem 1 is the better project and will increase the company's value by $ millions, rather than the $ millions created by Machine -Select-ABItem 4 .

PLZ ANSWER ASAP. DUE TONIGHT