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(73) Calculate the NPV, IRR, and Payback Period for the following information: A machine is purchased for $16 million with $2 million modification cost and

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(73) Calculate the NPV, IRR, and Payback Period for the following information: A machine is purchased for $16 million with $2 million modification cost and $1 million shipping cost. Net operating working capital of $4 million is needed. The machine will generate additional annual revenue of $12 million and additional annual costs and expenses of $7 million. The machine has a 5 year life and will be depreciated using straight line depreciation. The salvage value of the machine for depreciation purposes is $3 million. It is estimated the machine can be sold after 5 years for $5 million tax rate is 40%). The company WACC is 9%

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