Questions 8 and 9 are based on the following information: X Company is considering the purchase of a new machine that would enable the company to increase production and sales of one of its products by 4,769 units; contribution margin of this product is $6.00 per un The machine would cost $150,000, last for five years, and have zero salvage value at the end of its life 8. Assuming a discount rate of 8%, what is the net present value of buying the new machine? A: 5-11,723 B: 5-16,999 C: 5-24,648 D: $-35,740 5-53,823 F: 5-75,144 Smit A Tries 0/99 9. If the new machine will last for six years instead of five, what is the approximate internal rate of return of buying it? A: 0.03] B: 0.04 C: 0.05 D: 0.06 0.07 F: 0.08 Submit Answer Tries 0/99