X Company is considering the purchase of a new machine that would enable the company to increase production and sales of one of its products by 5,408 units; contribution margin of this product is $6.00 per unit. The machine would cost $150,000, last for five years, and have zero salvage value at the end of its life. 8. Assuming a discount rate of 8%, what is the net present value of buying the new machine? OA: $-9,716 OB: $-14,088|| OC: $-20,427|| OD: $-29,619 OE: $-42,948 OF: $-62,275 Submit Answer Tries 0/99 9. If the new machine will last for six years instead of five, what is the approximate internal rate of return of buying it? A: 0.03 B: 0.04 OC: 0.05 OD: 0.06 E: 0.07 F: 0.08 Submit Answer Tries 0/99