ENCORP is considering purchasing a new forklift for their operations. The machine would cost $950,000 and has an estimated useful life of 8 years. Management estimates that the new machine will provide net annual cash inflows of 377,000 and net annual cash outflows of $180,000. The company is expecting a salvage value of $30,000 at the end of the machine's useful life, and a maintenance expense of $150,000 at the end of year 5. Assume a discount rate of 10% Required: (10 Marks) A) Calculate the payback period in number of years B) Calculate the Net Present Value (NPV) and profitability index B) Should the company move forward with the project and why? 7:24 PM Property taxes on a manufacturing plant are an element of a Product Cost Type a message Period