Two different companies are offering a punch press for sale. Company A charges $250,000 to deliver

and install the device. Company A has estimated that the machine will have maintenance and

operating costs of $4000 a year and will provide an annual benefit of $89,000. Company B charges

$205,000 to deliver and install the device. Company B has estimated maintenance and operating

costs of the press at $4300 a year, with an annual benefit of $86,000. Both machines will last 5 years

and can be sold for $15,000 for the scrap metal. Use an interest rate of 12% and a present worth

analysis to determine the machine that the company should buy.