Dillard Corporation Dillard Corporation is considering an investment in a labor-saving machine. Information on this machine follows: a. What is the internal rate of return on this project? b. Assume for this question only that Dillard Corporation uses a discount rate of 16 percent to evaluate projects of this type. What is the project's net present value? c. What is the payback period on this investment? Question 2: Dyson Corporation The Dyson Corporation has recently evaluated a proposal to invest in cost-reducing production technology. According to the evaluation, the project would require an initial investment of $17,166 and would provide equal annual cost savings for five years. Based on a 10 percent discount rate, the project generates a net present value of $1,788. The project is not expected to have any salvage value at the end of its five-year life. a. What are the expected annual cost savings of the project? b. What is the project's expected internal rate of return