Burger Botanicals produces a wide range of herbal supplements sold nationwide through independent distributors. In response to an increasing demand for its products, the company is considering the purchase of a new packaging machine to replace the seven-year-old machine currently in use. The new machine will cost $165,050, and installation will require an additional $3,050. The machine has a useful life of 10 years and is expected to have a salvage value of $4,045 at that time. The variable cost to operate the new machine is $10.45 per carton compared to the current machines variable cost of $10.55 per carton, and Burger expects to pack 248,000 cartons each year. If the new machine is purchased, Burger will avoid a required $10,425 overhaul of the current machine in three years. The current machine has a market value of $12,475. Click here to view the factor table. (a) Calculate the net present value of the new packaging machine. Assume that Burger Botanicals uses a 9% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971. Enter negative amount using a negative sign preceding the number for e.g. -59,991 or parentheses e.g. (59,991).) Net present value $ (b) Do you recommend that Burger Botanicals purchase the new machine? (c) Assume that Burger has adopted a new 12% discount rate. Calculate the net present value of the new packaging machine. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 2 decimal place, e.g. 58,971.75. Enter negative amount using a negative sign preceding the number for e.g. -59,991 or parentheses e.g. (59,991).) Net present value $ Do you recommend that Burger Botanicals purchase the new machine?