The Spinach Corporation is planning to buy a new machine for $1.875M that will provide an annual cash flow of $650K per year for the next 5 years. This machine can then be sold for $120K at the end of Year 5. If the required rate of return is 13.5%, the NPV of the machine is: a. $473,498 b. $513,859 c. $558,378 $447,292 O d. d. When INDEPENDENT projects have different time horizons, make your investment decision based on: a. NPV O b. EAA O C. PI O d. IRR