A manufacturer requires an initial cost to buy a machine for $100,000 and will have estimated annual sells as shown in the following table:

How long will it take to recoup the initial cost of remodeling? (Round your answer to a whole number

Assume a 3% discount rate is used, what will be the net present value of this project (Round your answer to 2 decimal place

B D 1 Year Cash Flow ($) 3% Discount Rate Present Value ($) 2 0 $(100,000.00) 1.00 3 1 $ 12,000.00 0.97 4 2 $ 25,000.00 0.94 5 3 $ 25,000.00 0.92 6 4 $ 35,000.00 0.89 7 5 $ 40,000.00 0.86 8 NPV