a) 15,732 wrong b) 2.669 or 3% wrong c) 6.25 years wrong

= View Policies Show Attempt History Current Attempt in Progress Grouper Pix currently uses a six-year-old molding machine to manufacture silver picture frames. The company paid $87,000 for the machine, which was state of the art at the time of purchase. Although the machine will likely last another ten years, it will need a $9,000 overhaul in four years. More important it does not provide enough capacity to meet customer demand. The company Currently produces and sells 15,000 frames per year, generating a total contribution margin of $84,000 Martson Molders currently sells a molding machine that will allow Grouper Pix to increase production and sales to 20,000 frames per year. The machine, which has a ten-year life, sells for $122,000 and would cost $14,000 per year to operate Grouper Pix's current machine costs only $8.000 per year to operate. If Grouper Pix purchases the new machine, the old machine could be sold at its book value of $5,000. The new machine is expected to have a salvage value of $20,000 at the end of its ten-year life. Grouper Pik uses straight-line depreciation. Click here to view the factor table. (al Your answer is incorrect Calculate the new machine's net present value assuming a 11% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor tobie provided and round final answer to decimal place, es, 58,971) Net present value e Textbook and Media Question 12 of 12 0/10 Your answer is incorrect. Use Excel or a similar spreadsheet application to calculate the new machine's internal rate of return. (Round answer to 2 decimal places, es 1.25%.) Internal rate of retum e Textbook and Media Attempts: 1 of 3 used Submit Answer Sarve for later Last saved 1 day ago Saved work will be auto-submitted on the due date Auto submission can take up to 10 minutes (c) Your answer is incorrect. Calculate the new machine's payback period. (Round answer to 2 decimal places, es 1.25) Payback period years e Textbook and Media E APPENDIX 9.1 Present value of $1 received in n periods. Periods 5% 6% 7% 8% 9% 10% 11% 125 13% 14% 16% 18% 20% 1 2 3 4 5 0.9615 0.9246 0.8890 0.8548 0.8219 0.9524 0.9070 0.8638 0.8227 0.7835 0.9434 0.8900 0.8396 0.7921 0.7473 0.9346 0.8734 0.81163 0.7629 0.7130 0.9259 O.RS73 0.7938 027350 0.6806 0.9174 0.8417 0.7722 0.7084 0.6499 0.9091 0.8264 0.7513 0.6830 0.6209 0.9009 0.8116 0.7312 0.6587 0.5935 0.8929 0.7972 0.7118 0.6355 0.5674 0.8850 0.7831 0.6931 0.6133 0.5428 0.8772 0.7695 0.6750 0.5921 0.5194 0.8621 0.7432 0.6107 0.5523 0.4761 0.8475 0.7182 0.6086 05158 0.4371 0.8333 0.6944 0.5787 0.1823 0.4019 0.6302 6 7 B 0.7903 0.7599 0.7307 0.4556 0.3996 0.7462 0.7107 0.6768 0.6446 0.6139 0.7050 0.6651 0.6274 0:5919 0.5584 06663 0.6227 0.5820 0.5439 0.5083 0.5963 0.5470 0.5019 0.4604 0.4224 0_5615 0.5132 0.4665 0.4241 03855 0.5835 0.5403 0.5002 0.4632 0.5346 0:4817 0.4339 013909 0.3522 0_5066 0.4523 0.4039 0.3606 03220 0.4803 0.4251 03762 0.3329 0.2946 0.2506 0.7026 0.4104 03538 0.3050 02630 0.2267 9 10 0.3704 02139 0.2660 02255 0.1911 0.3349 0.2791 0.2326 0.1938 0.1615 0.6756 0.3075 0.2697 11 12 13 14 15 0.6496 0.6246 0.6006 0.5775 0,5553 0.5847 0.5568 0.5303 0.5051 0.4810 0-5268 0.4970 0.4688 0.4423 0.4173 0.4751 0.4440 0.4150 0.3878 0.3624 0.4289 0.3971 0.3677 0.3105 0.3152 0,3875 023555 0.3262 0.2992 0.27:45 0.3505 03173 03186 0.2858 0.2897 0:2575 0.2633 0:2320 0.2394 0.2090 0.2875 0.2607 0.2567 0.2307 0.12042 0:2046 007 0:1827 0.1999 0.2292 0.2366 0.2076 0.1821 0.1597 0.1401 0.1954 0.1619 0.13446 0.1685 0.1372 0.1122 0.1452 0.1163 0,0935 0.1252 0.0985 0.0779 0.1079 0.0835 0.0619 16 17 18 10 24 0.5339 OSI DA936 746 0A56 DA581 0.4363 DAISS 0.3957 048769 013936 0.3714 013503 0.3305 013118 0.3387 0.3166 0.2959 0.2765 0.2919 0.2703 012502 0.3317 021445 02519 02176 0.1883 0.163101415 0.1229 0.0936 0.0708 00541 02311 0.1978 0.1696 0.1456 0.1252 0.10780802 0.0600 si 0.2120 091799 07528 0.1300 01208 0.0946 00691 00508 00376 0.1945 0.1635 01377 0.1161 0.0981 0.0829 0,0596 300131 0.0013 0.1784 0.1486 0.12.10 0.1037 0.0868 0.0728. 0.0514600365 0.0261 0.2584 PV SI 14 APPENDIX 9.2 Present value of an annulty of Si per period Periods 4% 5% 1 2 3 4 0.9615 1.8861 2.7751 3.6299 4.4518 0.9524 1.8594 2.7232 3.5460 1.2295 0.9434 1.8334 2.6730 34651 4.2124 796 8% 956 10% 119 0.99460.92596.91740.909 0.0009 1 800178 33 1.759 1.7358 7125 22623 25771 2.531324868 2.4437 3.3872 3.3121 3.2392 3.1698 31021 4.1002 3.99275 2.8897 3.7907316959 129 139 166 18% 20 0.8929 URSO C08772 0.8621047508233 1.601 T66BT-T667 1.6052 1 5050 1.5278 2:40189 3.3612233216 22159 11703 1065 3,0373 2.9705 2137 2997982 2001 25987 26:18 3:51723.433133278 31272 29G S 6 7 5.2421 6.0021 6.7327 7.4353 -8.1109 5.0737 5.7864 6,4632 7,1078 7.7217 4.9173 5.5824 6,2098 6.8017 7:3601 4.76654.622943839.13533305 4111 919073 3.68230RIZ 34990 3.3255 5.3893 5.20650330 4.82344712243638 4 1236-6233.1938 4 3:61146 5.9713 5,7466 5.5348 5:33-19 5:1461 1967647988 36.6389930336107703.8372 6:5152 6,2469 5.9952 5.7590 5.5370 53289.5:1300-49964 10065-3030 0310 7.0236 6:7101 64127631446 5.8892 58502 3.46 232-2914-1925 9 10 11 12 13 1 15 8.7605 9.3852 9.9856 10.5631 11.1183 8.3064 8.8633 9.3936 9.8986 10.3297 7.8869 8.3938 8.8527 -9.2950 9.7192 7.4987 7.1390 6.N052 5.4981 2005:521385069 5:1527 3026616561271 7.9427 7.532 7.16076.137 1392-619659170-003 311921-70371-392 8.3577- 7.9038 24869.. 7.103467199 04215-612851241 234.909543327 8.74558.2442 0,78627306759819 662069025 EUR 3.1675 3:1-46106 9:1079 8:559580607_76061609292 5:5755309646755 16 17 IR 19 20 -11.6523= 10:8378 TO 1059 9.4466 885148.3126278237 73709 6.740 Wale 25.6055 51621 7296 12 1657 11:2741-102774 9:7632 9,1216 8.5136 80216675488-1196790137443815 52323 17746 12,659316896 10,8276. 10.0501 3.3719 27556.5.2017.706324107.30 -1671 3.817152732 -48223 13 1330-120852 TL 1581 10.3.3569.6030 8950 Stig R371 295 3.8775 53102 184135 335903 121622 11:4009-10 59100:8787.-9.1285 N.51467-963310 3G : 7.0218162321 3.9285 3527 18696