Question: PLEASE USE EXCEL TO ANSWER QUESTION. Please show steps and formulas used in excel to formulate answers. THANK YOU! 6. The Borstal Company has to

PLEASE USE EXCEL TO ANSWER QUESTION. Please show steps and formulas used in excel to formulate answers. THANK YOU!

6. The Borstal Company has to choose between two machines that do the same job but have different lives. The two machines have the following costs: Year Machine A Machine B 0 $47,000 $57,000 1 11,400 10,800 2 11,400 10,800 3 11,400 10,800 4 10,800 Assume a 10% discount rate and ignore taxes. a) What is the equivalent annual cost of each machine? b) Which machine should the company buy

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