3 58:22 Required Information EX 16-35 (Algo) Payback Perlod; Even Cash Flows (Section 3) (LO 16-1, 16-6, 16-8) [The following information applies to the questions displayed below.) The management of Niagara National Bank is considering an investment in automatic teller machines. The machines would cost $135,700 and have a useful life of seven years. The bank's controller has estimated that the automatic teller machines will save the bank $29,500 after taxes during each year of their life (including the depreciation tax shield). The machines will have no salvage value. Use Appendix A for your reference. Note: Use appropriate factor(s) from the tables provided. ok EX 16-35 (Algo) Part 2 Compute the net present value of the proposed investment. 2. Compute the net present value of the proposed investment assuming an after-tax hurdle rate of (a) 10 percent, (b) 12 percent, and (c) 14 percent. Note: Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Net Present After-Tax Hurdle Rate Value (a) 10 percent (b) 12 percent (c) 14 percent