The pan american bottling co. is considering the purchase of a new machine that would increase the speed of bottling and save money. the net cost of this machine is $66,000. the annual cash flows have the following projections. use appendix b and appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. year cash flow1 $24,0002 $25,0003 $28,0004 $16,0005 $9,000a. if the cost of capital is 8 percent, what is the net present value of selecting a new machine? b. what is the internal rate of return?

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.