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 4,769 units; contribution margin of this product is $6.00 per unit. The machine would cost $150,000, last for four 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? A: $-22,562 B: $-30,008 C: $-39,911 D: $-53,081 E: $-70,598 F: $-93,895 Submit Answer Tries 0/99 9. If the new machine will last for six years instead of four, what is the approximate internal rate of return of buying it? A: 0.03 B: 0.04 C: 0.05 D: 0.06 E: 0.07 F: 0.08 Submit Answer Tries 0/99