Corn Doggy, Inc. produces and sells corn dogs. The corn dogs are dipped by hand. Austin Beagle, production manager, is considering purchasing a machine that will make the corn dogs. Austin has shopped for machines and found that the machine he wants will cost $239,600. In addition, Austin estimates that the new machine will increase the company's annual net cash flows by $36,900. The machine will have a 12-year useful life and no salvage value. TABLE 4 Present Value of an Annuity of 1 C (11) Payments An 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% 1 .96154 .95238 2 1.88609 1.85941 94340 1.83339 3 2.77509 2.72325 2.67301 4 3.62990 3.54595 5 4.45182 4.32948 6 5.24214 5.07569 7 6.00205 5.78637 8 6.73274 9 7.43533 10 8.11090 11 12 13 14 15 16 17 18 0.93458 .92593 .91743 1.80802 1.78326 1.75911 90909 .90090 .89286 .86957 1.73554 1.71252 1.69005 1.62571 2.62432 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 3.46511 3.38721 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498 4.21236 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 3.35216 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.16042 6.46321 6.20979 5.97130 5.74664 5.53482 5.33493 5.14612 4.96764 4.48732 7.10782 6.80169 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 4.77158 7.72173 7.36009 7.02358 6.71008 6.41766 6.14457 5.88923 5.65022 5.01877 8.76048 8.30641 7.88687 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 5.23371 9.38507 8.86325 8.38384 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 5.42062 9.98565 9.39357 8.85268 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 5.58315 10.56312 9.89864 9.29498 8.74547 8.24424 7.78615 7.36669 6.98187 6.62817 5.72448 11.11839 10.37966 9.71225 9.10791 8.55948 8.06069 7.60608 7.19087 6.81086 5.84737 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 5.95424 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 6.04716 10.05909 9.37189 8.75563 8.20141 7.70162 7.24967 6.12797 11.65230 10.83777 10.10590 12.16567 11.27407 10.47726 12.65930 11.68959 10.82760 Qu Acc Multi Que Multip Q Ac Vi Qu Acco Que Calculate the machine's net present value using a discount rate of 10%. (Use the above table.) (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, eg. 5,275.) Net present value $ C