Machines that have the following costs are under consideration for a new manufacturing process. Compute the Equivalent Annual Worth with an interest rate of 8%, compounded semiannually. The machine last 4 years. First cost: $48,000 Semiannual Operating cost: $7.000 Semiannual incomes: $14,000 Salvage value : $10,000 a. EAW=$21.745 b. EAW=$2,957 C. EAW=$175 d. EAW=$1,958

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