You are operating an old machine that is expected to produce a cash Inflow of $5,500 in each of the next 3 years before it falls. You can replace it now with a new machine that costs $20,500 but is much more efficient and will provide a cash flow of $10,750 a year for 4 years. Calculate the equivalent annual cost of the new machine if the discount rate is 14%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Equivalent annual cost of the purchase price _________ Genuine Experts only. The answer should be AI-generated free with logical answers with a good understanding of language.>> I will provide an upvote definitely if the answer is correct. Remember decimals. Give excel formulas