Yummy Candy Ltd is considering purchasing a second chocolate dipping machine in order to expand their business. The information Yummy has accumulated regarding the new machine is: Cost of the machine $800.000 Terminal disposable value $30.000 Machine repair in year 3 $60,000 Increased contribution margin $220.000 Life of the machine 5 years Required rate of return 8% Ignore income tax issues in your answers. Assume that all cash flows occur at year-end except for initial investment amounts. Required: a. Calculate the NPV for the new machine b. Calculate the payback period for the new machine c. Calculate internal rate of return (use interpolation method) for the new machine d. Should the machine be purchased? e. What other factors should Yummy Candy consider in deciding whether to purchase the new machine?