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Which new machine should it choose? $[$Hint: Use the common life approach and the EAA approach$]$

A hardware company is considering replacing an old, fully depreciated power machine. Two options are available: $1.$ An electric$-$powered machine $($Project E$),$ which has an initial cost of $$360,000,$ a $6-$year life, and expected after$-$tax cash flows of $$102,000$ per year; $2.$ A gas$-$

powered machine $($Project G$),$ with an initial cost of $$190,000,$ a $3-$year expected life, and expected after$-$tax cash flows of $$90,000$ per year, and Assume that the company's cost of

capital is $14\%.$