e. Unrelated to the new product, Cory is analyzing two mutually exclusive machines that will upgrade its manufacturing plant. These machines are considered average-risk projects, so management will evaluate them at the firm’s 10% WACC. Machine X has life of 4 years, while Machine Y has a life of 2 years. The cost of each machine is $60,000; however, Machine X provides after - tax cash flows of $25,000 per years for 4 years and Machine Y provides after-tax cash flows of $42,000 per year for 2 years. The manufacturing plant is every successful, so the machines will be repurchased at the end of each machine’s useful life. In other woพds, the machines are “repeatable” projects.