A new machine, with a 7-year life, has an initial cost of $6,400 and annual costs of $750. The equivalent annual cost of this machine is best described as the Multiple Choice O 7-year annuity payment that has the same net present value as the project's costs, given a stated discount rate. O 7-year total of all costs divided by 7. O annual sales needed to offset these additional costs. O lump sum payment at Time 0 that is equal to these additional costs at a given discount rate. O 7-year average aftertax cash flow resulting from the annual costs