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 6,102 units; contribution margin of this product is $5.00 per unit. 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: $-24,932 B: $-28,174 OC: $-31,836 D: $-35,975 E: $-40,652 Submit Answer Tries 0/99 F: $-45,936 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 OB: 0.04 OC: 0.05 OD: 0.06 OE: 0.07 OF: 0.08 Submit Answer Tries 0/99