(LO 10)A company is planning to purchase a machine that will cost $57,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? $ 138,000 Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (35%) Net income $68,000 9,500 46,000 (123,500) $ 14,500 (5,075) $ 9,425 Multiple Choice 12.10 years. 6.00 years. O 3.01 years. O 1.99 year. O 6.05 years. (LO 10) Poe Company is considering the purchase of new equipment costing $89,500. The projected annual cash inflows are $39,700, to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Poe requires a 10% return on its investments. The present value of $1 and present value of an annuity of $1 for different periods is presented below. Compute the net present value of the machine. Periods 1 2 Present Value of $1 at 10% 0.9091 0.8264 0.7513 0.6830 Present Value of an Annuity of $1 at 10% 0.9091 1.7355 2.4869 3.1699 3 4 Multiple Choice $54,919. $22,101. O $(22,101). O O $(36,345). O $36,345. (LO 10)The following present value factors are provided for use in this problem. Periods 1 2 3 4 Present Value of $1 at 9% 0.9174 0.8417 0.7722 0.7084 Present Value of an Annuity of $1 at 9% 0.9174 1.7591 2.5313 3.2397 Cliff Co. wants to purcha: a machine for $66,000, but needs to earn an 9% return. The expected year-end net cash flows are $26,000 in each of the first three years, and $30,000 in the fourth year. What is the machine's net present value? Multiple Choice $(186) $21,066. $87,066. O $(44,748) O $108,000