X RIC ACCT 422 Spring 2022 OA (Weiss) Question 2, E22-22 (similar to) HW Score: 35.23%, 1.41 of 4 points Save Homework: Exam 3 Part 3 of 6 Points: 0.5 of 1 Fantastic Candy Company is considering purchasing a second chocolate dipping machine in order to expand its business. The information F - X (Click the icon to view the information.) Data table Present Value of $1 table Present Value of Annuity of $1 table Future Value of $1 table Future Value of Annuity of $1 table Read the requirements. Cost of the machine $90,000 Increased annual contribution margin $ 18,000 Life of the machine 10 years Requirement 1. Calculate the following for the new machine: Required rate of return 8% a. Net present value (NPV) (Use factors to three decimal places, X.XXX, and use a minus sign or parentheses for a negative net present valy Fantastic estimates it will be able to produce more candy using the second machine and thus increase its annual contribution margin. It also estimates there The net present value is $ 30,780 will be a small disposal value of the machine but the cost of removal will offset that value. Ignore income tax issues in your answers. Assume all cash flows occur at b. Payback period (Round your answer to two decimal places.) year-end except for initial investment amounts. The payback period in years is 5.00 c. Discounted payback period (Round interim calculations to the nearest whole dollar. Round the rate to two decimal places, X.XX.) Print Done The discounted payback period in years is - X Reference Present Value of Annuity of $1.00 in Arrears Periods 2% 4% 6% 10% 12% 14% 16% 18% 20% 22% 24% 26% 30% 32% 40% Periods 0.758 0.714 Period 1 Period 1 0.980 0.962 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 0.820 0.806 0.794 0.781 0.769 Period 2 1.942 1.886 1.833 1.783 1.736 1.690 1.647 1.605 1.566 1.528 1.492 1.457 1.424 1.392 1.361 1.331 1.224 Period 2 Period 3 2.884 2.775 2.673 2.577 2.487 2.402 2.322 2.246 2.174 2.106 2.042 1.981 1.923 1.868 1.816 1.766 1.589 Period 3 Period 4 3.808 3.630 3.465 3.312 3.170 3.037 2.914 2.798 2.690 2.589 2.494 2.404 2.320 2.241 2. 166 2.096 1.849 Period 4 4.212 3.791 3.605 3.433 3.274 3.127 2.991 2.864 2.745 2.635 2.532 2.436 2.345 2.035 Period 5 Period 5 4.713 4.452 3.993 4.355 4.111 3.889 3.685 3.498 3.326 3.167 3.020 2.885 2.759 2.643 2.534 2.168 Period 6 Period 6 5.601 5.242 4.917 4.623 2.802 Period 7 Period 7 6.4 6.002 5.582 5.206 4.868 4.564 4.288 4.039 3.812 3.605 3.416 3.242 3.083 2.937 2.677 2.263 Period 8 7.325 6.733 6.210 5.747 5.335 4.968 4.639 4.344 4.078 3.837 3.619 3.421 3.241 3.076 2.925 2.786 2.331 Period 8 2.379 Period 9 Period 9 8.162 7.435 6.802 6.247 5.759 5.328 4.946 4.607 4.303 4.031 3.786 3.566 3.366 3.184 3.019 2.868 Period 10 8.983 8.111 7.360 6.710 6.145 5.650 5.216 4.833 4.494 4.192 3.923 3.682 3.465 3.269 3.092 2.930 2.414 Period 10 Period 11 9.787 8.760 7.887 7.139 6.495 5.938 5.453 5.029 4.656 4.327 4.035 3.776 3.543 3.335 3.147 2.978 2.438 Period 11 8.384 7.536 6.814 6. 194 5.660 5.197 4.793 4.439 4.127 3.851 3.606 3.387 3.190 3.013 2.456 Period 12 Period 12 10.575 9.385 Period 13 11.348 9 8.853 7.904 7.103 6.424 5.842 5.342 4.910 4.533 4.203 3.912 3.656 3.427 3.223 3.040 2.469 Period 13 7.367 6.628 6.002 5.468 5.008 4.611 4.265 3.962 3.695 3.459 3.249 3.061 2.478 Period 14 nswer Help me solve this E Period 14 12.106 10.563 9.295 8.244 9.712 8.559 7.606 6.811 6.142 5.575 5.092 4.675 4.315 4.001 3.726 3.483 3.268 3.076 2.484 Period 15 Period 15 12.849 11.118 782 1 257 250 2 18 10 10 8 85 5 6 6 2751