Acompany is considering the purchase of a new machine for $61,000. management predicts that the machine can produce sales of $17,300 each year for the next 10 years. expenses are expected to include direct materials, direct labor, and factory overhead totaling $6,700 per year including depreciation of $5,300 per year. the company's tax rate is 40%. what is the payback period for the new machine?

Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?