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You are analyzing two machines to determine which one to purchase. You require a 12.1% rate of return. Machine A has a cost of $262,919,
You are analyzing two machines to determine which one to purchase. You require a 12.1% rate of return. Machine A has a cost of $262,919, annual operating costs of $8,212, and a 3-year life. Machine B costs $168,841, has annual operating costs of $12,246, and has a 2-year life. Whichever machine is purchased will be replaced at the end of its useful life. What is the difference in the equivalent annual cost of the two machines (i.e., EAC of Machine A Machine B)? Round your answer to whole dollars
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