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Question 7 0/2 pts Ringo Manufacturing is considering the purchase of a new machine for $35,000. The machine is expected to save the firm $8,200 (before tax) per year in operating costs over a 5 year period, and can be depreciated on a straight-line basis to a zero salvage value over its life. Alternatively, the firm can lease the machine for $3,400 per year for 5 years, with the first payment due in 1 year. The firm's tax rate is 20%, and its before tax cost of debt is 10%. The Net Present Value of purchasing the new machine is: ENTER ANSWER TO THE DOLLAR. DO NOT ENTER COMMAS OR "$" SIGNS. ENSURE YOU INCLUDE A "-"IF THE ANSWER IS NEGATIVE Answered 9,021 rect Answers -3,218 (with margin: 5) Question 8 0/2 pts Ringo Manufacturing is considering the purchase of a new machine for $30,000. The machine is expected to save the firm $11,000 (before tax) per year in operating costs over a 5 year period, and can be depreciated on a straight-line basis to a zero salvage value over its life. Alternatively, the firm can lease the machine for $3,100 per year for 5 years, with the first payment due in 1 year. The firm's tax rate is 40%, and its before tax cost of debt is 10%. The Net Present Value of leasing the new machine is: ENTER ANSWER TO THE DOLLAR. DO NOT ENTER COMMAS OR "$" SIGNS. ENSURE YOU INCLUDE A "-"IF THE ANSWER IS NEGATIVE Answered 1,577.1 rect Answers 19.967 (with margin: 5)