QUESTION 9 1. Mountain Corporation is considering purchasing one of two photocopiers. The first copier will have an initial cost of $8,000 and will have operating costs of $1,000 per year during its 5-year life. The second photocopier will cost $10,500 and will have $1,100 per year during its 8-year life. If the company's required rate of return is 8%, determine the equivalent annual cost of each machine. Arial T PN i T T T F Paragraph v %DOO fx Mashups 3 (12pt) T* T @ ABC HTML CSS Path:p Words:0