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 $215,000. In addition, Austin estimates that the new machine will increase the company's annual net cash inflows by $33,000. The machine will have a 12-year useful life and no salvage value. TABLE 4 Present Value of an Annuity of 1 (14) Payments 4% 5% 1 2 .96154 1.88609 3 2.77509 4 3.62990 5 4.45182 4.32948 6 5.24214 5.07569 7 6.00205 5.78637 8 6.73274 6.46321 9 7.43533 7.10782 10 8.11090 7.72173 11 8.76048 8.30641 12 9.38507 8.86325 13 9.98565 9.39357 8.85268 14 15 16 17 18. 19 9% 10% 11% 12% 15% 6% 7% 8% .95238 .94340 0.93458 .92593 .91743 .90909 90090 89286 .86957 1.85941 1.83339 1.80802 1.78326 1.75911 1.73554 1.71252 1.69005 1.62571 2.72325 2.67301 2.62432 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 3.54595 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 6.20979 5.97130 5.74664 5.53482 5.33493 5.14612 4.96764 4.48732 6.80169 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 4.77158 7.36009 7.02358 6.71008 6.41766 6.14457 5.88923 5.65022 5.01877 7.88687 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 5.23371 8.38384 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 5.42062 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 5.58315 8.74547 8.24424 7.78615 7.36669 6.98187 6.62817 5.72448) 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. 8.75563 10.05909 9.37189 8.20141 7.70162 7.24967 6.12797 10.33560 9.60360 8.95012 8.36492 7.83929 7.36578 6.19823 10.56312 9.89864 9.29498 11.11839 10.37966 9.71225 11.65230 10.83777 10,10590 12.16567 11.27407 10.47726 12.65930 11.68959 10.82760 13.13394 12.08532 11.15812