s 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 5,910 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? 32015 Submit Answer Incorrect. Tries 1/4 Previous Tries 9. If the new machine will last for six years instead of five, what is the approximate internal rate of return of buying it? [enter your answer as .XX, so 1% would be .01] 0.05 You are correct. Previous Tries Your receipt no. is 154-1869