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19) Tommy's Toy Company is considering purchasing a new machine. The table below contains information...

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19) Tommy's Toy Company is considering purchasing a new machine. The table below contains information on the two machines being considered. Use the IRR method to select which machine the company should purchase. The company has a MARR of 15 %. To receive full credit briefly list the steps and show work (Excel formulas are permitted). (25 Points) Machine A Machine B Initial Cost $200,000 $700,000 Annual Revenue $95,000 $190,000 Salvage Value $50,000 $150,0000 Life in Years 12 6

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