Fantastic Candy Company is considering purchasing a second chocolate dipping machine in order to expand its business. The information Fantastic has accumulated regarding the new machine is:

$($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

b$.$ Payback period $($Round your answer to two decimal places.$)$

The payback period in years is

c$.$ Discounted payback period $($Round interim calculations to the nearest whole dollar. Round the rate to two decimal places, X$.$XX$.)$

The discounted payback period in years is

d$.$ Internal rate of return $($Round the rate to two decimal places, X$.$XX$\%.)$

The internal rate of return $($IRR$)$ is $\%.$

Data table

$\backslash$table$[[$Cost of the machine,$$90,000$

Find IRR and AARR.