For the next two questions, you will be calculating the NPVs of purchasing two different assets: a CNC machine and a 3D printer 10 pts Question 26 Option 1: the CNC machine has a useful life of 9 years, costs $800, and has no residual value. Additional working capital of $60 would be required to purchase tooling supplies at the start of the project, but the entire amount will be released for use elsewhere at the end of the machines's life. The mill will generate cash flows of $165 each year. The company determines an appropriate discount rate of 10% for this project. Ignoring income tax effects, what is the net present value of the CNC machine purchase? Present Value of $1: Periods 892 10% 12% 1496 1696 6 0.630 0.564 0.507 0.456 0.410 7 0.583 0.513 0.452 0.400 0.354 8 0.540 0.467 0.404 0.351 0.305 9 9 0.500 0.424 0.361 0.308 0.263 10 0.463 0.386 0.322 0.270 0.227 Present Value of Annuity of $1: Periods 8% 10% 12% 14% 16% 6 6 4.623 4355 4. 111 3.889 3.685 7 5 206 4.868 4.564 4.288 4.039 B 5.747 5.335 4.968 4.314 4.639 9 6.247 5.759 5.328 4.946 4.607 10 6.710 6.145 5.650 5.216 4.833