Fleming Company is considering an investment is a machine that would reduce annual labor costs by $30,000. The machine has an expected life of 10 years with no salvage value. The machine would be depreciated according to the straight-line method over its useful life. The company-'s marginal tax rate is 30%. 26. Refer to Fleming Company. Assume the company will invest in the machine if it generates an internal rate of return of 16%, what is the maximum amount the company can pay and still meet the internal rate of return criterion? a. $180,000 b. $210,000 c. $187,500 d. $144,996