Sweet Acacia Corporation is considering buying a brand new machine and has gathered the following data:Investment$$104,200$Estimated life$6$ yearsEstimated annual cash inflows$$29,000$Estimated annual cash outflows$$10,000$Salvage value for the machine is estimated to be zero.Click here to view the factor table.Calculate the net present value of the machine assuming a $5\%$ discount rate. $($If the net present value is negative, use either a negative sign preceding the number eg $-45$ or parentheses eg $(45).$ For calculation purposes, use $5$ decimal places as displayed in the factor table provided, e$.$g$.1\mathrm{.}25124.$ Round presents value answer to $0$ decimal places, e$.$g$.125.)$Net Present Value

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Should the company buy the machine based on your results?

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Further investigation reveals that there would be a sales increase of $$7,200$ annually as a result of an increase in quality from the customer's perspective and a cost reduction of $$3,100$ annually as a result of lower warranty claims. Considering these additional facts, calculate the Net Present Value of themachine. $($If the net present value is negative, use either a negative sign preceding the number eg $-45$ or parentheses eg $(45).$ For calculation purposes, use $5$ decimal places as displayed in the factor table provided, eg$.1\mathrm{.}25124.$ Round present value answer to $0$ decimal places, e$.$g$.125.)$

Net Present Value

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Should the company buy the machine?