Capital Budgeting Decisions Isben Co. is considering the purchase of a new machine. TH new machine will be used to manufacture a new product. T cost of the machine is $100,000. The machine has a projected life span of 5 years. The expected cash flows from the sale of the new product are $12,000 per year. Isis Co. requires at least an 8% rate of return on capital investments. Required: 1. Calculate the payback period for the new machine. 2. Calculate the net present value of the new machine. 3. Should Isben Co. purchase the machine? Note: Assignments will be graded within 24 hours of the deadline for submission. You will receive feedback on anything that is incorrect