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 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? A: $-14,905 B: $-17,439 C: $-20,403 D: S-23,872 E: $-27,930 F: $-32,678 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 C: 0.05 D: 0.06 E: 0.07F: 0.08