If you purchase a machine and borrow $60000, what will your approximate monthly payment be if you pay back the loan over 5 years. Assume a 10% interest rate. Submit your answer. You are considering purchasing a new machine for $80000 that will save $15000 per year for 8 years. If cost of capital is 12%, what is the net present value (NPV) of buying the new machine? Submit your answer. Should you purchase the machine? 7 You are considering investing in a project that will require an initial capital outlay of $40000 and generate annual cash flows of $6230 for 10 years. What is the internal rate of return (IRR) for this project? Submit your answer. 3 If you borrow $500000 to purchase a home, what do you expect your monthly payment will be? Assume a 30 year mortgage and a fixed 7% interest rate. Submit your