Assume that a company purchased a new machine for $24,000 that has no salvage value. The machine is expected to save the company $6,000 a year in cash operating costs for seven years. The company also expects the machine to provide annual intangible benefits that are difficult to quantify. Assuming the company's hurdle rate is 23%, the minimum value of the intangible benefits that would be required to make this investment acceptable is closest to: Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. Multiple Choice $1,044. Assume that a company is considering a $2,500,000 capital investment in a project that would earn net income for each of the next five years as follows: $ 1,900,000 800,000 1,100,000 Sales Variable expenses Contribution margin Fixed expenses: Out-of-pocket operating costs Depreciation Net operating income $ 300,000 400,000 700,000 $ 400,000 The project's simple rate of return is closest to