(First Imone + Not 1721 HRM04 Name and Student #: Ajay Singh Gill Gilll 000901604 Capital Budgeting We are considering the purchase of a machine that will cost $10,000 and increase profits by $4,000 each year over its 5 year useful life. There is no salvage value on the machine at the end of five years. Depreciation will be $1,000 per year and is not included in the profit listed above. The company's cost of capital is 8%. 1) Calculate the Net Present Value: 2) Calculate the Payback period: (Hint: Use a table format to keep your answer organized)