Exercise 6 You are considering purchasing a new machine for $16000 that will save $3000 per year for 8 years. If cost of capital is 12%, what is the net present value (NPV) of buying the new machine? Submit your answer. Should you purchase the machine? Exercise 7 You are considering investing in a project that will require an initial capital outlay of $60000 and generate annual cash flows of $9345 for 10 years. What is the internal rate of return (IRR) for this project? Submit your answer. Exercise 8 If you borrow $100000 to purchase a home, what do you expect your monthly payment will be? Assume a 30 year mortgage and a fixed 7% interest rate. Submit your answer. Exercise 9 If you invest $4500 each year for 35 years, how much will you have at the end of 35 years assuming a 10% annual return? Submit your answer. Exercise 10 30 years ago, Z Co set aside $30000 in an account that earned an 8% annual return. What is that amount worth today