Main Menu Contents Grades Chat Course Contents SECOND CHANCE EXAM 2 Questions 8 & 9 Questions 8 and 9 are based on the following information: Timer Notes Evaluate Feedback Print X Company is considering the purchase of a new machine that would enable the company to increase production and sales of one of its products by 6,102 units; contribution margin of this product is $5.00 per unit. The machine would cost $150,000, last for four 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? Submit Answer Tries 0/4 9. If the new machine will last for six years instead of four, what is the approximate internal rate of return of buying it? [enter your answer as .XX, so 1% would be .01] Submit Answer Tries 0/4