X Company is considering the purchase of a new machine. The machine would reduce the amount of part-time labor, at a cost savings of $17,090 per year. In addition, the machine would enable the company to increase production and sales of one of its products by 2,000 units; contribution margin of this product is $5.30 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 7%, what is the net present value of buying the new machine? 36,465 Submit Answer Incorrect. Tries 3/4 Previous Tries