A company is producing a high-volume item that sells for $0.65 per unit. The variable production cost is $0.40 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 15% 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. Discrete Compounding; i = 15% Single Payment Uniform Series Compound Compound Sinking Capital Amount Present Amount Present Fund Recovery Factor Worth Factor Factor Worth Factor Factor Factor To Find F To Find P To Find F To Find P To Find A To Find A Given P Given F Given A Given A Given F Given P F/P P/F F/A P/A A/F A/P 1.1500 0.8696 1.0000 0.8696 1.0000 1.1500 1.3225 0.7561 2.1500 1.6257 0.4651 0.6151 1.5209 0.6575 3.4725 2.2832 0.2880 0.4380 1.7490 0.5718 4.9934 2.8550 0.2003 0.3503 COO YOUIA WN - Z 2.0114 0.4972 6.7424 3.3522 0. 1483 0.2983 2.3131 0.4323 8.7537 3.7845 0.1142 0.2642 2.6600 0.3759 11.0668 4. 1604 0.0904 0.2404 3.0590 0.3269 13.7268 4.4873 0.0729 0.2229 3.5179 0.2843 16.7858 4.7716 0.0596 0.2096 10 4.0456 0.2472 20.3037 5.0188 0.0493 0. 1993