(Ignore income taxes in this problem) Your Corporation is considering the purchase of a machine that would cost $768,120. It would have a useful life of 15 years. The machine would have no salvage value. The machine would reduce labor and other operating costs by $74,000 per year. What is the internal rate of return on the investment? 396 6% O 8% 4% 5% (Ignore income taxes in this problem.) Your Company is considering a project that would require an initial investment of $875,000 and would have a useful life of 8 years. The annual cash receipts would be $178,000 and the annual cash expenses would be $45,000. The salvage value of the assets used in the project would be $55,000. The company uses a discount rate of 5%. What it the net present value of the project? $19,653 $21,814 $12,105 ($15,421)