Assume a piece of machinery costs $420,000 and would last for 8 years. At the end of 8 years, the salvage value would be $93,500. Annual cost savings for the machinery would be $91,000. Assume a minimum pretax return of 15% is required for all machinery purchases. Compute the NPV and IRR for the machinery. (Ignore income taxes.)

Provide the amounts you input in Excel and your calculated net present value. (if a variable is not used in the calculation, input a zero (O). Omit the "$" and "%" signs in your response.) Round your answer to the nearest dollar and use a minus sign for negative numbers. Excel input: B Rate % Nper PMT $ PV $ FV $ $ - Net Present Value (NPV) Required: Provide the amounts you input in Excel and your calculated internal rate of return. (If a variable is not used in the calculation, input a zero (O). Omit the "$" and "%" signs in your response.) Round your answer to one decimal place and use a minus sign for negative numbers. Excel input: Rate % Nper PMT PV FV Internal Rate of Return (IRR) %