Excel is not allowed. Please use financial calculator or normal calculator Thank you

3. [20 points] You are given the choice between two copy machines, both of which will produce similar quality copies. Machine A is cheaper to purchase, but it is more expensive to operate and will last only for 4 years, while machine B will last for 6 years. The relevant data is reported below and the discount rate is 6%. You are planning on having a copy machine forever, so you intend to replace machines as they wear out for the foreseeable future. What machine should you choose? Machine A Machine B Year 0 Initial cost = 40,000 Operating cost = 6,000 Initial cost 60,000 Operating cost=4,000 Year 1 Year 2 Operating cost 6,000 = Year 3 Operating cost = 6,000 Operating cost = 4,000 Operating cost 4,000 Operating cost 4,000 Operating cost = 4,000 + replace Year 4 Year 5 Operating cost 6,000 + replace