A company is producing a high-volume item that sells for $0.65 per unit. The variable production cost is $0.35 per unit. The company is able to produce and sell 11,000,000 items per year when operating at full capacity. a. If the company's MARR is 12% per year, is the purchase of the new machine to improve quality (reduce variability) economically attractive? Use the AW method to make your recommendation. b. Compute the IRR, simple payback period, and discounted payback period of the proposed investment. a. The AW of the proposed investment is $ (Round to the nearest dollar.)