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Torgue Co.uses specialized machines in their factory. One machine costs $845,000 and lasts about 4 years before It needs to be replaced. The annual operating

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Torgue Co.uses specialized machines in their factory. One machine costs $845,000 and lasts about 4 years before It needs to be replaced. The annual operating cost per machine is $47.500. What is the equivalent annual cost (EAC) of a machine if the required rate of return is 12.5 percent $216,210 $300,561 $328,638 $432,407 $278,313

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