Question 9 Alpha Ltd is evaluating the purchase of a new machinery, and has estimated the following expected cash flows over the next five years. Determine the payback period. Machine A Initial investment - 36,000 Cash flow Year 1 12.000 Year 2 10,000 Year 3 8,000 Year 4 8,000 A. 3 years and 4 months. B. 3 years and 9 months. C. 2 years and 6 months. D. None of the above Question 10 Cristiano Ltd. is considering buying a new machine that requires an initial investment of 40,000. It is expected that the new machine will generate a return of 18,000 after one year, 16,000 after two years, and 15,000 after three years. Determine the Net Present Value (NPV) for this project. Apply a discount rate of 10%. Discount factors (1/(1+i)^n) are 0.909 for year 1, 0.827 for year 2, and 0.751 for year 3. A. 659 B. 859 C. 589 D. None of the above