1) Your company is deciding whether to invest in a new machine. The new machine will increase cash flow by $331734 per year. You believe the technology used in the machine has a 10-year life; in other words, no matter when you purchase the machine, it will be obsolete 10 years from today. The machine is currently priced at S1,760,000. The cost of the machine will decline by $110,000 per year until it reaches $1,320,000 where it will remain. The required return is 15%. What is the NPV if the company purchases the machine today? 2) Your company is deciding whether to invest in a new machine. The new machine will increase cash flow by $328366 per year. You believe the technology used in the machine has a 10-year life; in other words, no matter when you purchase the machine, it will be obsolete 10 years from today. The machine is currently priced at S1,760,000. The cost of the machine will decline by $110,000 per year until it reaches $1,320,000 where it will remain. The required return is 14%. What is the NPV if the company decides to wait 2 years to purchases the machine 3) Your company is deciding whether to invest in a new machine. The new machine will increase cash flow by $327006 per year. You believe the technology used in the machine has a 10-year life; in other words, no matter when you purchase the machine, it will be obsolete 10 years from today. The machine is currently priced at S1,760,000. The cost of the machine will decline by $110,000 per year until it reaches $1,320,000 where it will remain. The required return is 17%. What is the value of the option to wait 2 years to purchases the machine