Use Excel or a similar spreadsheet application to calculate the new machine's internal rate of return. (Round answer to 2 decimal places, e.g. 1.25\\%.) Internal rate of return \ Calculate the new machine's net present value assuming a 14\\% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971 .) Net present value Concord Pix currently uses a six-year-old molding machine to manufacture silver picture frames. The company paid \\( \\$ 95,000 \\) for the machine, which was state of the art at the time of purchase. Although the machine will likely last another ten years, it will need a \\( \\$ 12,000 \\) overhaul in four years. More important, it does not provide enough capacity to meet customer demand. The company currently produces and sells 9,000 frames per year, generating a total contribution margin of \\( \\$ 92,500 \\). Martson Molders currently sells a molding machine that will allow Concord Pix to increase production and sales to 12,000 frames per year. The machine, which has a ten-year life, sells for \\( \\$ 135,000 \\) and would cost \\( \\$ 10,000 \\) per year to operate. Concord Pix's current machine costs only \\( \\$ 8,000 \\) per year to operate. If Concord Pix purchases the new machine, the old machine could be sold at its book value of \\( \\$ 5,000 \\). The new machine is expected to have a salvage value of \\( \\$ 19,900 \\) at the end of its ten-year life. Concord Pix uses straight-line depreciation. Click here to view the factor table