Question 5 of 7 - / 10 5 View Policies Current Attempt in Progress Kingbird Bottling Corporation is considering the purchase of a new bottling machine. The machine would cost $200.000 and has an estimated useful life of eight years with zero salvage value. Management estimates that the new bottling machine will provide net annual cash flows of $39.500. Management also believes that the new machine will save the company money because it is expected to be more reliable than other machines, and thus will reduce downtime. Assume a discount rate of 12%. Click here to view the factor table! Calculate the net present value. (If the net present value is negative, use either a negative sign preceding the number eg. 45 or parentheses eg. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.eg, 1.25124. Round present value answer to o decimal places, eg. 1.250.) Net present value $ How much would the reduction in downtime have to be worth in order for the project to be acceptable? Present Value of reduction in downtime IS e Textbook and Media Attempts: 0 of 4 used Submit Answer arch 11 Mostly clou