Tinker Toy Corporation bought a new machine, which cost $90,000, has a useful life of 10 years, and will generate annual cash inows of $25,000. The residual value of the machine is $5,500. What is the payback period? You win the lottery and must decide how to take the payout. Use an 8% discount rate for all parts of this question. Required: a. What is the present value of $ 12,000 a year received at the end of each of the next six years? b. What is the present value of taking a $60,000 lump sum now? c. What is the present value of a $90,000 lump sum taken in 7 years? Icy Peaks Sports makes snowboards. The company wants to add a new machine that would cost $80,000 and have a useful life of 5 years and no residual value. The company expects the machine will generate $24,000 annual cash inows for 5 years. The discount rate is 10%. What is the net present value of the investment? Louise owns a golf course and wants to add some computers to the lounge. The computers would cost $14,000 and would have a 3 year life and no residual value. Louise expects the computers to generate $4,000 annual cash inows for 3 years. The discount rate is 8%. What is the net present value of the investment? Shaker Investments, a private investment holding company, is searching for a new investment opportunity