A manufacturing company is deciding between 3 different machines to produce parts they need for a final product. The first machine costs $150,000 to install and costs 25 cents per part, the second machine costs $180,000 to install and costs 20 cents per part, and the final machine costs $360,000 to install and 5 cents per part. Which machine would be the most cost-effective option for the company?
1) Machine 1
2) Machine 2
3) Machine 3