please help

Flounder Pix currently uses a six-year-old molding machine to manufacture silver picture frames. The company paid $ 95,000 for the machine, which was state of the art at the time of purchase. Although the machine will likely last another ten years, it will need a $ 12,000 overhaul in four years. More important, it does not provide enough capacity to meet customer demand. The company currently produces and sells 9,000 frames per year, generating a total contribution margin of $ 92,500.

Martson Molders currently sells a molding machine that will allow Flounder Pix to increase production and sales to 12,000 frames per year. The machine, which has a ten-year life, sells for $ 139,000 and would cost $ 14,000 per year to operate. Flounder Pix's current machine costs only $ 8,000 per year to operate. If Flounder Pix purchases the new machine, the old machine could be sold at its book value of $ 5,000. The new machine is expected to have a salvage value of $ 20,300 at the end of its ten-year life. Flounder Pix uses straight-line depreciation.

1).Calculate the new machine's net present value assuming a 14% discount rate.(For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971.)

Net present value$____________________ (enter the net present value in dollars rounded to 0 decimal places)

2).Use Excel or a similar spreadsheet application to calculate the new machine's internal rate of return.(Round answer to 2 decimal places, e.g. 1.25%.)

Internal rate of return__________% (enter the internal rate of return in percentages rounded to 1 decimal place)

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