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 5,085 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? A: $-28,174 Submit Answer B: $-31,836 OC: $-35,975 D: $-40,652 E: $-45,936 OF: $-51,908 Answer Submitted: Your final submission will be graded after the due date. Previous Tries 1/99 Tries 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: 0.07 F: 0.08 Submit Answer Answer Submitted: Your final submission will be graded after Previous Tries 1/99 the due date. Tries