A machine is under consideration that would cost $30,000, save $6,000 per year in cash operating costs, and have an expected life of 15 years with zero salvage value. The payback period on the machine is: a) 2 years; b) 7.5 years; c) 5 years; d) 0.2 years. Refer to the data in question (7) above. The simple rate of return is approximately: a) 20%; b) 13.3%; c) 18%; d) 10%. You have recently won $100,000 in a contest You have been given the option of receiving $100,000 Today or receiving $12,000 at the end of each year for the next 20 years. If you can earn 8% on investments, which of these two options would you select? (Note: The net present value method assumes that any cash flows are reinvested at a rate of return equal to the discount rate. Therefore, to answer this question you can compare the net present values of the cash flows under the two alternatives using 8% as the discount rate.) If you can earn 12% on investments, which of these two options would you select? A machine is under consideration that would cost $30,000, save $6,000 per year in cash operating costs, and have an expected life of 15 years with zero salvage value. The payback period on the machine is: a) 2 years; b) 7.5 years; c) 5 years; d) 0.2 years. Refer to the data in question (7) above. The simple rate of return is approximately: a) 20%; b) 13.3%; c) 18%; d) 10%. You have recently won $100,000 in a contest You have been given the option of receiving $100,000 Today or receiving $12,000 at the end of each year for the next 20 years. If you can earn 8% on investments, which of these two options would you select? (Note: The net present value method assumes that any cash flows are reinvested at a rate of return equal to the discount rate. Therefore, to answer this question you can compare the net present values of the cash flows under the two alternatives using 8% as the discount rate.) If you can earn 12% on investments, which of these two options would you select