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 $18,970 per year. In addition, the machine would enable the company to increase production and sales of one of its products by 2,500 units; contribution margin of this product is $5.00 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: 5-7,984 OB: 5-11,577 OC 1-16,706 OD 1-24,340 Dubmit Answer Tries 0/99 1-35,293 OF 1-51,175 9. If the new machine will last for six years instead of five, what is the approximate internal rate of return of buying it? OA: 0.03 OB: 0.04 C: 0.05 OD: 0.06 OE: 0.07 OF: 0.08 Submit Answer Tries 0/99