FlintPix currently uses a six-year-old molding machine to manufacture silver picture frames. The company paid $95,000for 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 $12,000overhaul in four years. More important, it does not provide enough capacity to meet customer demand. The company currently produces and sells9,000frames per year, generating a total contribution margin of $92,500.Martson Molders currently sells a molding machine that will allowFlintPix to increase production and sales to12,000frames per year. The machine, which has a ten-year life, sells for $138,000and would cost $14,000per year to operate.FlintPixs current machine costs only $8,000per year to operate. IfFlintPix 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 $20,200at the end of its ten-year life.FlintPix uses straight-line depreciation.(A) Calculate the new machines net present value assuming a14% discount rate.Net present value_____?_____(B)Use Excel or a similar spreadsheet application to calculate the new machines internal rate of return.Internal rate of return____?_____(C) Calculate the new machines payback period.Payback period___?____years