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You are trying to choose between purchasing one of two machines for a factory, Machine A costs $15.900 to purchase and has a three year

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You are trying to choose between purchasing one of two machines for a factory, Machine A costs $15.900 to purchase and has a three year life. Machine B costs $17.900 to purchase but has a four year life. Regardless of which machine you purchase, it will have to be replaced at the end of its operating life. Assume a marginal tax rate of 35 percent and a discount rate of 15 percent Calculate the equivalent annual costs (EAC) of each machines. (Do not round intermediate calculations. Round answers to 2 decimal places, e.g. 15.27.) Equivalent Annual Cost (EAC) of machine A $ $ Equivalent Annual Cost (EAC) of machine B Which machine should you choose

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