ZZY Inc. is considering replacing a machine. These are the data for both the used and new machine. Used machine: the machine was purchased for $16,515 two years ago, the current salvage value is $11,027 and is expected to have a scrap value of $5,766 whenever it is retired. This used machine still has 5 years left of service. From now on, the operating and Maintenance costs are $1,719 for the first year and expected to increase by $1,926 thereafter. New Machine: machine costs $14,656 and is expected to have a scrap value of $9,457 whenever it is retired. Operating and Maintenance costs are $1,223 for the first year and expected to increase by $1,635 thereafter. The service life of this machine is 4 years. If the MARR is 11%, determine the minimum equivalent uniform annual cost associated with the optimal economic life of the machine that offers the lowest EUAC. Note: round your answer to two decimal places, and do not include spaces, currency signs, plus or minus signs, nor commas. You Answered 6,934.14 Correct Answer 5,912.22 margin of error +/- 100 ZZY Inc. is considering replacing a machine. These are the data for both the used and new machine. Used machine: the machine was purchased for $16,515 two years ago, the current salvage value is $11,027 and is expected to have a scrap value of $5,766 whenever it is retired. This used machine still has 5 years left of service. From now on, the operating and Maintenance costs are $1,719 for the first year and expected to increase by $1,926 thereafter. New Machine: machine costs $14,656 and is expected to have a scrap value of $9,457 whenever it is retired. Operating and Maintenance costs are $1,223 for the first year and expected to increase by $1,635 thereafter. The service life of this machine is 4 years. If the MARR is 11%, determine the minimum equivalent uniform annual cost associated with the optimal economic life of the machine that offers the lowest EUAC. Note: round your answer to two decimal places, and do not include spaces, currency signs, plus or minus signs, nor commas. You Answered 6,934.14 Correct Answer 5,912.22 margin of error +/- 100