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 6,490 units; contribution margin of this product is $5.00 per unit. The machine would cost $150,000, last for four 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? OA: $-26,082 OB: $-29,472 OC: $-33,304 OD: $-37,633 OE: $-42,526 OF: $-48,054 Submit Answer Tries 0/99 9. If the new machine will last for six years instead of four, what is the approximate internal rate of return of buying it? OA: 0.03 OB: 0.04 OC: 0.05 OD: 0.06 OE: 0.07 OF 0.08