For capital budgeting purposes, the initial investment required for a project should be Select one: a considered a cash inflow at the start of the project b. calculated and included every year of the project c. ignored d. considered a cash outflow at the start of the project A company purchased a new machine. The cost of the new machine was $250.000 and it has an estimated useful life of 5 years with an expected salvage value at the end of its useful life of $50.000. The company uses the straight line depreciation method. The new machine is expected to save $125,000 annually in operating costs. The company's tax rate is 40% and it uses a 10% discount rate to evaluate capital expenditures. What is the NPV of the new machine? Select one a. $200,000 b. $126,031 C. $376,031 d. $250.000 Pearl Manufacturing Company has been investigating a new piece of machinery for its production department. The equipment has a value of $319.400 with a six-year life. The expected additional cash inflows from cost savings would be $113,000 per year. What is the payback period for this investment (rounded)? Select one: a. 18 years b. 6 years C 3 8 years d. 2.8 years