38. The Valentine Company has decided to buy a machine costing $14,750. Estimated cash savings from using the new machine amount to $4,500 per year. The machine will have no salvage value at the end of its useful life of five years. If Valentine's required rate of return is 10% the machine's internal rate of return is closest to: A. 10% B.12% C. 16% D. 31% E. 33% 39. The initial investment of $65,000. No other cash outflows would be required. The present the cash inflows would be $72,800. The profitability index of the project is A. 0.12 B. 1.12 management of Dewitz Corporation is considering a project that would require an closest to C 0.88 E. 0.89