The Lansford Office Equipment Co. is considering the purchase of a new machine that would increase the speed of manufacturing electronic equipment and save money. The net cost of the new machine is $ 68,000. The annual cash flows have the following projections:

YearAmount

1$ 20,000

228,000

330,000

414,000

511,000

If the cost of capital is 10 percent, find the following:

A. The Net Present Value

B. The Internal Rate of Return

C. The Payback Period.