Present value of an annuity of $1 Periods 4% 6% 8% 10% 12% 14% 0.96154 0.94340 1 0.92593 0.90909 0.89286 0.87719 1.69005 2. 1.88609 1.78326 1.64666 1.83339 1.73554 2.57710 2.48685 2.67301 2.40183 2.32163 3 2.77509 3.31213 3.16987 3.46511 3.03735 2.91371 4 3.62990 3.79079 4.21236 3.99271 3.60478 3.43308 5 4.45182 4.62288 4.35526 4.11141 3.88867 6 5.24214 4.91732 5.20637 4.86842 4.56376 4.28830 7 6.00205 5.58238 5.74664 5.33493 6.20979 4.96764 4.63886 8 6.73274 6.24689 5.75902 5.32825 4.94637 7.43533 6.80169 9 6.14457 5.65022 5.21612 6.71008 10 8.11090 7.36009 Applegate Company wants to buy a new machine that will be able to perform many of the steps in the manufacturing process that are currently done manually. The hope is that it will reduce the amount of time it takes to create one unit and reduce the number of defective units. The machine requires an investment of $1,500,000. The machine will be depreciated on a straight-line basis over six years with no expected salvage value. The expected cash flows associated with the project are as follows: Year Cash revenues Cash expenses 1 $1,650,000 $1,000,000 ENG 1 2 value. The expected cash flows associated with the project are as follows: Year Cash revenues Cash expenses $1,650,000 $1,000,000 1,650,000 1,000,000 3 1,650,000 1,000,000 4 1,650,000 1,000,000 1,650,000 1,000,000 1,650,000 1,000,000 Complete the following: 5 6 years. Round your answer to two decimal A. The payback period for the new machine is places. B. The new machine's ARR is %. Round your answer to one decimal place. Round your answer to c. Using a required rate of return of 12%, the investment's NPV is $ the nearest whole dollar value