need solution of this question by using only this formula mentioned below-

EAC = NPV

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[1-(1+i)-n]

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i

PVAn= PMT [1-(1+i)-n]

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i

only need solution by using these two formula.

need proper solution each and every mathematical point needed.

Question 3. GMC is considering two option to buy a new machinery that will generate the same revenue for the company each year. The table below shows the initial and annual costs for each option. Costs Option 1 Option 2 Initial Investment 155,000 165,000 Year 1 3000 2000 Year 2 3100 2200 Year 3 3250 2250 Year 4 3300 2300 Year 5 3350 2350 Year 6 2400 Required: Which option the company should choose based on EAC if the relevant discount rate is 7%