You are considering a CNC machine. This machine will have an estimated service life of 10 years with a salvage value of 10% of the investment cost. Its annual net revenues are estimated to be $64970.91. To expect a 20% rate of return on investment, what would be the maximum amount that you are willing to pay for the machine? (Ignore any tax consideration.) (a) $213,065 (b) $209,624 (c) $249,998 (d) $276,860 (e) None of the above: ________ Consider the investment project with the net cash flows as shown in the table at the top of next page. What would be the value of X if the project's IRR is 24%