You are operating an old machine that is expected to produce a cash inflow of $$4,250$ in each of the next two years before it fails. You can replace it now with a new machine that costs $$11,270$ which will provide a cash flow of $$8,150$ a year for four years. The discount rate is $13\%,$ find the EAC of the new machine. Should you replace your equipment now or later?

$($EACnew$,$ choice$)$Use excel to solve this