FUN-FOODLtd is a manufacturer of ready-made meals. In order to keep up with competition and decrease its costs. FUN-FOOD is considering the purchase of a highly specialised machine to replace its existing production line. Further information pertaining to the installation of this machine are as follows: - The machine will require an initial outlay of $350,000. - The machine is expected to be used for 10 years, after which FUN-FOOD intends to sell it for $75,000. - As a result of the installation of the machine, FUN.FOOD expects a significant reduction in running costs along with an increase in production capacity. Overall. FUN-FOOD expects the net cash flows to be $80.000 per year, every year for the 10 years of useful life. Required (show all workings): Calculate the navback neriod (rounded to 2 decimal nlaces) of this investment. Using an interest rate of 10%, and the present value table (use full index figure in 4 decimal places), calculate the Net Present Value (NPV) of this investment. (Round your answers to two decimal places.)