Fantastic Company purchased a new ice cream maker with the following characteristics: Initial cost Estimated useful life $45.000 12 years $35,000 Expected annual sales Expenses Ingredients to make the ice cream Wages $15.000 $7,500 $3.750 Depreciation Net operating Income 26.250 $8.750 The payback period (In years) on the new machine is closest to: 0 0 0 0 Bland Company is considering the purchase of a machine with the following characteristics: Initial cost Useful life of the machine Required rate of return (discount rate) Reduction in annual net cash outflows $30,000 6 years 8% $6,100 Residual value (at end of useful life) Calculate the IRR (Internal rate of return) for this machine (Investment opportunity). Use PV (present value) tables. Round your answer to the nearest dollar. Click here to view Exhibit 13B-1 and Exhibit 13B-2 to determine the appropriate discount factors) using the tables provided. 0 0 0 0 Heel Company is considering the purchase of a machine with the following characteristics: $350,000 6 years Initial cost Useful life of the machine Required rate of return (discount rate) Annual net operating cash flows Residual value at end of useful life) 8% $70,000 $20.000 Compute the net present value (NPV) of this Investment opportunity (use PV (present value) tables). Round your answer to the nearest dollar. Multiple Choice ($26,390) oooo Micro Company, which considers taxes in its capital budgeting decisions is considering the purchase of a machine with the following characteristics: $330.000 Initial cost (not including working capital) Immediate working capital requirement (released at the end of the project) Expected life of the project $20,000 Annual net operating cash Inflows 3 years $160.000 $0 $110,000 Residual value (at end of useful life) Annual straight-line depreciation expense Required rate of return (discount rate) 11% Income tax rate 30% Compute the after-tax net present value (NPV) of this Investment opportunity (use PV (present value) tables). Round your answer to the nearest dollar. (note: answers may vary slightly due to rounding] Click here to view Exhibit 13B-1 and Exhibit 13B-2 to determine the appropriate discount factor(s) using the tables provided. Multiple Choice O $14,614 o 0 $19,000 o O $4,390 o 156.1652 o