estions: The Brauer Company is evaluating the proposed acquisition of a new milling machine with a base price of $115,000. plus customization $15,000 fee for special use by the firm. The machine falls into the MACRS 3 year class life (33, 45, 15,7%), and it would be sold after 3 years for $75,000. The machine would require an increase in inventory of $8,000 with a simultaneous increase in accounts payable of $3,000. The machine will have no effect on revenues but is expected to reduce operating costs by S48,000 per year. Assume the cost of capital is 12% and the marginal tax rate is 40%. What is the after-tax salvage value of the new milling machine at the end of Year 3? $84,100 $48,640 $31,270 $65,900 What is the IRR of this project? O 16.49% 18.72% 17.19% 18.22%