Comprehensive NPV Problem - No taxes Geiger Industries is considering purchasing a new machine, instead of preparing its product by hand. The machine would cost $80,000. The company currently incurs a direct labor cost of $35,000 per year, This cost will not be incurred if the new machine is purchased. The machine will also allow the company to produce an additional 5,000 units per year. The company realizes a contribution margin of $0.60 per unit. 3,to0 / yr It would have a life of five years, but would require a $5,000 overhaul at the end of the third year. The machine will cost $14,000 per year to operate. After five years, the machine could be sold for $10,000. Geiger requires a 10% return on all investments in equipment. (Ignore taxes) What is the net present value? Is the IRR higher or lower than 10%