A machine can be purchased for $45,000. As a result of operating the machine, the company realizes an increase in annual revenue and expense as shown in the following table. If the firm expect an effective annual MARR of 12%, and the machine can be sold at the end of its useful life of 8 years for $2,000 a. Draw a cash flow diagram for the investment. b. Calculate the IRR for the machine c. Should the machine be purchased? EOY 0 1 2 3 4 5 6 Revenue 0 $10,000 $10,000 $20,000 $20,500 $21,025 $21,576 $22,155 $22,763 Expenses $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000