Question 23 Case 4: GoGreen Company questions 18 - 24) GoGreen wants to produce new tupes of products that use a different kind of sustainable materials, Therefore, the firm is thinking about investing in a new machine. After running tests worth 40 000 on different potential machines in September 2021, they find Model X provided by company JBS can full their production requirements. In October 2021, they need to make the decision on whether or not to buy the model X from JBS based on the following Information The purchase cost of this machine is 62 016 and the Installation cost is 63 264. Purchase and Installation costs need to be pold directly. The expected life of this new machine is 3 years, with a salvage value of 4 800 The expected selling price per unit of the product per year is 44, GoGreen expects to produce and sell 1000 units per year, and the expected variable production cost is 20 per unit GoGreen uses linear depreciation and has annual required rote of return of 6% At the beginning of September, GoGreen makes the sales and production plan for the fourth quarter of 2022. They expect the demand to increase in the last quarter because of Black Friday in November and Christmas in December Calculate the required revenue If the firm wants to achieve a profit of 116 520 in the fourth quarter of 2022 with this new product. For this question assume that depreciation is charged evenly throughout the year. [Round your answer to the nearest Integer.] unt obc vedor logic standard Case 4: GoGreen Company questions 18 - 24) GoGreen wants to produce new types of products that use a different kind of sustainable materials Therefore, the firm is thinking about Investing in a new machine. After running tests worth 40 000 on different potential machines in September 2021, they find Model X provided by company JBS con fulfill their production requirements. In October 2021, they need to make the decision on whether or not to buy the model X from JBS based on the following information The purchase cost of this machine is 62 016 and the Installation cost is 3 264. Purchase and Installation costs need to be paid directly. The expected life of this new machine is 3 years, with a salvage value of 4 800 The expected selling price per unit of the product per year is 44, GoGreen expects to produce and sell 1000 units per year, and the expected variable production cost is 20 per unit. GoGreen uses linear depreciation and has annual required rate of return of 6%. Compute the payback period of investing in this new machine. [Round your answer to one decimal, e.g. 10.2) year(s) Calculator Overvie