Koetter, Bernath& Goedde, Inc. produces unique food products for quality-conscious students. Mgmt is considering the purchase of new machinery to improve the manufacturing process. This capital investment is expected to provide net annual cash inflows (i.e. labor saving benefits due to improved automation of the production process) of S35,000 per year for 3 years. 8. Assuming the firm's required rate of return is 8%, and using your choice ofTable 1 or 2 P.V. factors, what is the present (today's) value of these net cash inflows on a pre-tax basis? Show all computations and round to the nearest whole dollar. 9. Would the present value of the above cash inflows be higher if the required rate of return was 10%