Waltham Interiors needs to replace their main piece of production equipment. They are considering two different options: Machine A costs $228,050, will last for 11 years, and will have an annual operating cost of $20,990. Machine B costs $307,300, will last for 13 years, and will have an annual operating cost of $8,600. If the required rate of return is 14 percent, what is the equivalent annual cost of each machine?