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Course Contents . EXAM 2 >> Questions 8 8 9 Timer Notes Evaluate Feedback Print Questions 8 and 9 are based on the following information: X Company is considering the purchase of a new machine. The machine would reduce the amount of part-time labor, at a cost savings of $18,850 per year. In addition, the machine would enable the company to increase production and sales of one of its products by 2,200 units; contribution margin of this product is $5.30 per unit. The machine would cost $150,000, last for five years, and have zero salvage value at the end of its life. 8. Assuming a discount rate of 8%, what is the net present value of buying the new machine? A: $-28,174 B: $-35,217 C: $-44,021 D: $-55,027 E: $-68,783 F: $-85,979 Submit Answer Tries 0/99 9. If the new machine will last for six years instead of five, what is the approximate Internal rate of return of buying it? A: 0.03 B: 0.04 C: 0.05 D: 0.06 E: 0.07 F: 0.08 Submit Answer Tries 0/99