1) Orr Company makes and sells a single product. The budgeted units to be produced over the next four months appears below: February March April May Budgeted Units to be Produced 14,690 units 18,230 units 16,780 units 19,450 units Each unit produced requires four pounds of direct materials. The company's policy is to have direct materials inventory on hand at the end of each month equal to 125% of the next month's production needs. The cost of direct materials is $1.70 per pound Calculate the total cost of direct materials budgeted to be purchased in April 2) XYZ Company is considering the purchase of a new machine. The machine will cost $189,000 and is expected to last 12 years. However, the machine will need maintenance costing $26,000 at the end of year three and additional maintenance costing $30,000 at the end of year seven. Purchasing this machine would require an immediate investment of $13,000 in working capital which would be released for investment elsewhere at the end of the 12 years. The machine is expected to have a salvage value of $11,000 at the end of 12 years. The machine will be used to generate net cash inflows of $45,000 per year in each of the 12 years. XYZ Company has a cost of capital of 15% Calculate the net present value (NPV) of this machine. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234)