View Policies Show Attempt History Current Attempt in Progress Grouper Pix currently uses a six-year-old molding machine to manufacture silver picture frames. The company paid $87,000 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 $9,000 overhaul in four years. More important, it does not provide enough capacity to meet customer demand. The company Currently produces and sells 15,000 frames per year, generating a total contribution margin of $84,000 Martson Molders currently sells a molding machine that will allow Grouper Pix to increase production and sales to 20,000 frames per year. The machine, which has a ten-year life, sells for $122,000 and would cost $14,000 per year to operate Grouper Pix's current machine costs only $8,000 per year to operate. If Grouper 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 $20,000 at the end of its ten-year life. Grouper Pix uses straight line depreciation, Click here to view the factor table lal D Your answer is incorrect. alcula the new machine's net present value assuming a 11% discount rate: (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to decimal place, eg. 58,971.) Net present value $ e Textbook and Media arch O 75F Mostly clear 11/11 Acco (a) Que Accour Your answer is incorrect. Quest Account Calculate the new machine's net present value assuming a 11% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, eg. 58,971.) Questi Accounti Net present value $ Questio Accounting e Textbook and Media Attempts: 1 of 3 used Submit Answer Save for Later Last saved 1 day ago Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Question Accounting Question Accounting (b) Viewing Qu Type here to search O ALI 759 Mostly 12 esc 15 16 18 IV 110 12 z ca pouse break prt sc SYSTA Question 12 of 12