For Machines X and Y shown, what is the difference between the EUAW for the HICP and the LICP?

	Machine X	Machine Y
Initial cost	$547,000	$985,000
Life	4	6
Inflation (for costs and benefit increase)	4.5%	p. y.
MARR	12%	p. y. c. y.
Project life	14	years
First year estimated costs	$191,450	$384,150
First year estimated benefits	$393,840	$640,250
Salvage value of machine today	$143,500	$172,400
Market value of machine today with 2 years of use	$246,150	$443,250

Group of answer choices

$13,144

$14,363

$39,682

$96,055

Context:

equivalent uniform annual worth (EUAW) - The net present worth divided equally over the life of a project using equivalence. It can also be defined as the difference between the equivalent uniform annual benefits minus the equivalent uniform annual costs for a project.

higher initial cost project (HICP). The project with the higher initial cost of two or more mutually exclusive projects that are being considered for implementation.

lower initial cost project (LICP). The project with the lower initial cost from two or more mutually exclusive projects that are being considered for implementation.