i need help on both parts

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 $15,415 per year. In addition, the machine would enable the company to increase production and sales of one of Its products by 2,400 units; contribution margin of this product is $5.50 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: $-35,740 B: $-41,816 C: $-48,925 OD: $-57,242 E: $-66,973 OF: $-78,359 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