1.Minden Company's required rate of return is 10%. The company can purchase a new machine at a cost of $40,500. The new machine would generate cash inflows of $18,000 per year and have a three-year life with no salvage value. Compute the machine's net present value. (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount. Negative amount should be indicated with minus sign. Omit the "tiny_mce_markerquot; sign in your response.

2.Leven Products, Inc., is investigating the purchase of a new grinding machine that has a projected life of 17 years. It is estimated that the machine will save $30,000 per year in cash operating costs. What is the machine's internal rate of return if it costs $240,660 new? (Round discount factor(s) to 3 decimal places and final answer to the closest interest rate. Omit the "%" sign in your response.)

3.Sunset Press has just purchased a new trimming machine that cost $44,712. The machine is expected to save $9,000 per year in cash operating costs and to have a 8-year life. Compute the machine's internal rate of return. (Round discount factor(s) to 3 decimal places and final answer to the closest interest rate. Omit the "%" sign in your response.)