I have this question that I believe I might have the right formula and information is in color BLUE. I just need to know what steps to take next. thank you
2. Machine A costs $350,000 to purchase, result in electricity bills of $100,000 per year, and last for 10 years. Machine B costs $550,000 to purchase, result in electricity bills of $80,000 per year, and last for 15 years. The discount rate is 12%.