Panda Express is a takeaway Chinese restaurant. They are considering investing in a machine that automates the cooking of bowls of rice. The machine costs $1,000 and has a physical depreciation rate of 1% per annum. It is expected that at the end of the year Panda Express could sell the machine for $500. The annual nominal interest rate is 5% per annum and the annual real interest rate is 1% per annum. If Panda Express buys the machine it can produce an extra 1,000 bowls of rice a year. Each bowl of rice is sold for $0.52. Should Panda Express invest in the new machine? a. Yes because the benefit from investing is greater than the cost of investing b. There is insufficient information to answer this question. c. Yes because the benefit from investing is equal to the cost of investing d. No because the benefit from investing is less than the cost of investing e. None of the other answers are correct