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Yc6-P3h Company purchased a machine for $116,410. The machine had no salvage value and a six year life. The internal rate of return on the

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Yc6-P3h Company purchased a machine for $116,410. The machine had no salvage value and a six year life. The internal rate of return on the machine was 20%. Yc6-P3h Company employs a cost of capital of 10% on all capital budgeting projects. Calculate the net present value on the machine. Ignore income tax effects in your calculations. To answer this question use the present value table factors given below. No credit will be awarded for this question using a means other than the table factors given below to answer this question. Factors from the present value of a lump sum table for: 1 - 5%: n=1 - n =2 n -3 n -4 n -5 0.952 0.907 0. 864 0.823 n -6 0 -7 n-8 0. 784 0. 746 0.711 0.677 i - 10%: 0 -1 n - 2 n - 3 n -4 n - 5 0. 909 n - 6 n -7 n - 8 0. 826 0. 751 0. 683 0. 621 0. 565 0.513 0 0.467 1 - 20%: 0 -1 n - 2 n -3 n -4 0 -5 0-6 0. 833 n - 7 n -8 0. 694 0.579 0. 482. 0. 402 0.335 0.279 0.233 Factors from the present value of an annuity table for: i - 5%: 0-1 n-2 n = 3 n -4 0 -5 n - 6 0 -7 n -8 0. 952 1. 859 2.723 3.546 4.330 5.076 5.786 6.463 i - 10%: 1 = 1 n = 2 n - 3 n - 4 n -5 n -6 0 -7 n - 8 0.909 1, 736 2.487 3. 170 3.791 4.355 4. 868 5.335 1 - 20%: 0 - 1 n - 2 n = 3 n - 4 n - 5 n -6 0-7 n - 8 0. 833 1.528 2. 107 2.589 2.991 3.326 3.605 3.837

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