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Question 9 20 pts You replace an old machine. No salvage value. The new machine costs you $7,500. With the new modern automated machine, the
Question 9 20 pts You replace an old machine. No salvage value. The new machine costs you $7,500. With the new modern automated machine, the production rate and sales increased by 7%. The yearly benefits become $5000 for the next 5 years. The operating and maintenance cost during this period is $1000/year. No overhauling during this period. At IRR= 9%, WHAT IS YOUR NET PRESENT WORTH OF THIS NEW MACHINE? (No decimal) round it. Show your work briefly with the formula and the data you have used. then Type your answer No work submission is required
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