Allied Electrons must purchase a new automatic solderingmachine to meet increased demand for its electronic goods. Of allthe machines considered management has narrowed the choices to thefollowing three mutually exclusive machines. Allied uses a planninghorizon of four years (all three can last this long) and a MARR of10%. The initial cost is at (year 0) and the payments are in years1-4. Determine the present worth future worth and annual worthfor when a) the salvage value is in year 4.Machine 1 Machine 2 Machine 3Initial Cost (in Year 0) $800000 $650000 $575000Annual Operating Cost $50000 $90000 $105000Salvage value (in year 4) $40000 $32500 $28750`