Please set up the equations for both machines in the format above and calculate the annual production quantity when the two machines are equally attractive and have a MARR of 12% (not 15%)

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ACME Inc. is considering two machines for manufacturing carrot harvesters. Machine 1 has an initial cost of $125,000, a salvage value of $20,000, and an annual maintenance cost of $10,250. Machine 1 manufactures 30 carrot harvesters per hour and has a useful life of 10 years. Machine 2 has an initial cost of $95,000, salvage value of $12,500, and an annual maintenance cost of $9,950. Machine 2 manufactures 24 carrot harvesters per hour, and has a useful life of 7 years. Both machines require one operator paid $30 per hour during production. Determine the annual production quantity when the two machines are equally attractive and have a MARR of 15%. Instructions: Draw cash flow diagrams and identify the problem set-ups for each machine. From the equations below, select the one that best describes the setup for Machine 1: EUAW(1) = -125,000 * (A/P, 15%, 70) +20,000 * (A/F, 15%, 70) - 10,250 - ($30/30) * X O NPW(1) = -125,000 * (P/A, 15%, 10) +20,000 * (P/F, 15%, 10) - 10,250 - [($30/30) * X] O NPW(1) = -125,000 * (A/P, 15%, 10) + 20,000 * (A/F, 15%, 10) - 10,250 - ($30/30) * X EUAW(1) = -125,000 * (A/P, 15%, 10) +20,000 * (A/F, 15%, 10) - 10,250 - ($30/30) * X ACME Inc. is considering two machines for manufacturing carrot harvesters. Machine 1 has an initial cost of $125,000, a salvage value of $20,000, and an annual maintenance cost of $10,250. Machine 1 manufactures 30 carrot harvesters per hour and has a useful life of 10 years. Machine 2 has an initial cost of $95,000, salvage value of $12,500, and an annual maintenance cost of $9,950. Machine 2 manufactures 24 carrot harvesters per hour, and has a useful life of 7 years. Both machines require one operator paid $30 per hour during production. Determine the annual production quantity when the two machines are equally attractive and have a MARR of 15%. Instructions: Draw cash flow diagrams and identify the problem set-ups for each machine. From the equations below, select the one that best describes the setup for Machine 1: EUAW(1) = -125,000 * (A/P, 15%, 70) +20,000 * (A/F, 15%, 70) - 10,250 - ($30/30) * X O NPW(1) = -125,000 * (P/A, 15%, 10) +20,000 * (P/F, 15%, 10) - 10,250 - [($30/30) * X] O NPW(1) = -125,000 * (A/P, 15%, 10) + 20,000 * (A/F, 15%, 10) - 10,250 - ($30/30) * X EUAW(1) = -125,000 * (A/P, 15%, 10) +20,000 * (A/F, 15%, 10) - 10,250 - ($30/30) * X