Used PW method..and Solve

06. (30 marks] Three machines are considered for the upgrade of biodiesel production. The information associated with each machine is shown in the table below. The company-wide MARK is 10% per year. Machine X Y Z Investment cost $29,000 $32,000 $35,000 Net annual revenue $10,500 $12,000 $13,500 Market value at the end $6,900 $6,000 $5,000 Useful life in years 6 8 9 IRR 12% 15% 8% a. [15 marks] Determine which machine should be selected if the repeatability assumption holds (If you student ID number is even, use the PW method. Otherwise, use the FW method)