E21-22 (similar to) Question Help Fantastic Candy Company is considering purchasing a second chocolate dipping machine in order to expand their business. The information Fantastic has accumulated regarding the new machine is: E (Click the icon to view the information.) Present Value of $1 table Present Value of Annuity of $1 table Future Value of $1 table Future Value of Annuity of $1 table Read the requirements Requirement 1. Calculate the following for the new machine: a. Net present value (NPV) (Use factors to three decimal places, X.XXX, and use a minus sign or parentheses for a negative net present value. Enter the net present value of the investment rounded to the nearest whole dollar.) The net present value is $ A Data Table Cost of the machine Increased contribution margin Life of the machine Required rate of return $125,000 $23,000 8 years 4 % Fantastic estimates they will be able to produce more candy using the second machine and thus increase their annual contribution margin. They also estimate there will be a small disposal value of the machine but the cost of removal will offset that value. Ignore income tax issues in your answers. Assume all cash flows occur at year-end except for initial investment amounts. Print Done