Section C (20 Marks) CI: Your old machine has finally lost its productive usefulness. You are cons potential new machines for replacement, Machine A will last for 5 annual operating costs of $240,000 per year. Machine B will last for 8 years require annual operating costs of $100,000. The initial costs of Machines A $1,300,000 and $1,500,000, respectively. Assume an appropriate rate of 9 percent. considering two and will require years and will and B are risk-adjusted discount ISK1: 10 marks] Required: a. Calculate the cost of each machine in NPV terms. (4 marks) b. Calculate the equivalent annual cost (EAC) for each machine. (4 marks) c. Which machine will be cheapest for the company to use? (2 marks)