Two different labeling machines are being considered for a canned food processing plant. Machine X has a first cost of $46,500, a service life of 5 years and a salvage value of $5,000. The annual operating cost of the machine is $28,300, increasing by $2,600 per year after the first year. Machine Y has an initial cost of $53,100, and a salvage value of $8,300 after 5 years. The annual operating cost of the machine is $17,000, increasing by $1,800 per year after year 1. The MARR is 12%. Determine which labeling machine should be selected based on a present worth analysis?