Speedy Delivery Company is considering two different machines for use in its sorting facility and the company's management put together the following cash flow estimates:

5 NO ACC 310F, Group Assignment November 21, 2019 Group Members You must have between 3-5 group members per team List alphabetically by last name: last name, first name For all time value of money calculations, use time value of money factors with at least 4 decimal places and do not round intermediate calculations, instead, only round your final answer to the nearest whole number. Required: answer cach of the following questions, which are independent from each other. 1. Speedy Delivery Company is considering two different machines for use in its sorting facility and the company's management put together the following cash flow estimates: Model DQT Purchase cost Model MK6 18,000 Estimated net cash inflows: 26,000 Year 1 9,000 Year 2 12,000 7,000 10,000 Year 3 5,000 9,000 Year 4 4,000 6,000 What is the cash payback period on each model (rounded to two decimal places)? Assuming an interest rate of 10 percent, what is the NPV of each model? Briefly explain which machines they should select 2. You recently purchased a new home for $275,000 by agreeing to make annual payments for 15 years, if the interest rate on your loan is 4 percent, what is the total amount of interest you will pay over the life of the loan? 3. You recently received a birthday gift of $500 and you decide to save it for later use. If you deposit it into an investment account that earns 6 percent interest, how much will be in the account in 3 years? 4. You have recently opened a retirement account and decided to deposit $2,500 per year in the account. If you want to retire in 45 years and the account eams 8 percent interest, how much will you have in your account when you retire? 5. You borrowed $1,200 to buy a new computer and agreed to pay the loan back 3 years later, if the loan has a 10 percent interest rate, what is the balance you will owe at that time? 6. You recently purchased a new car for 18,000 by agreeing to make equal annual payments for 5 years. If the interest rate on your loan is 8 percent, how much is each payment? 7. In 2 years you will need $800 for a trip you planned to Cost Rica. If your account earns 4 percent interest, how much should you deposit today to reach your goal