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Please give answers as a .xlsx file and or a screenshot using excel. Thank you! 12. You are thinking about spending $32,900.00 to purchase a

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Please give answers as a .xlsx file and or a screenshot using excel. Thank you!

12. You are thinking about spending $32,900.00 to purchase a machine to do business from home. The machine has 15 years of life and its salvage value is zero. If you undertake this project, it will produce an annual free cash flow of $11,100.00 for the next 15 years. If the cost of borrowing to purchase this machine is 11.50%, what is the net present value (NPV) for this project? (Hint: Begin by constructing a time line.)

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