6. Justin Manufacturing is considering purchasing two machines. Each machine costs $9,000 and will produce cash flows as follows: End of Year Machine A Machine B $5,000 $4,000 $3,000 $1,000 $2,000 $12,000 Justin Manufacturing uses the net present value method to make the decision, and it requires a l 5% annual return on its investments. The present value factors of l at l 5% are: 1 year, 0.8696; 2 years, 0.7561; 3 years, 0.6575. Which machine should Justin purchase and why? Hint: This is a two-part question. Part 1. Make sure you calculate the NPV for both machines and Part 2. Which machine should the company invest in and w points) Respond to both parts of this problem on the next page. Part 1. Use the tables below to calculate the Net Present Value for each machine. Machine A Year 1 Year 2 Year 3 Total Factor PV of Net Cash Flows Net Cash Flows WS PV Factor Less: Initial Investment Net Present Value Ne PV Factor Machine B Year i Year 2 Year 3 Total Net Cash Flows Less: Initial Investment Net Present Value Part 2. Which machine should the company invest in and why