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Assume that a company is considering purchasing a machine for $70,000 that will have a sevenyear useful life and no salvage value, The machine will lower operating costs by $18,000 per year and increase sales volume by1,000 units per year The company earns a contribution margin of $300 per unit, The company's required rate of return is 1m. The internal rate of return for this investment is closest to: Click here to view Exhibit 12371 and Exhibit 12872, to determine the appropriate discount factor{s} using the tables provided. Multiple Choice O 23%. O 25%. Q 21%. O 19%. Assume the following information for a capital budgeting proposal with a fiveyear time horizon: Initial investment: Cost of equipment (zero salvage value) $ 499,999 Annual revenues and costs: Sales revenues $ 399,999 Variable expenses $ 139,999 Depreciation expense $ 59,999 Fixed outofpocket costs $ 49,999 l[Slick here to view Exhibit 1231 and Exhibit 1232, to determine the appropriate discount factor{s} using the tables provided. Assuming a discount rate of12%, this proposal's protability index is closest to