10. culver doggy inc produces and sells corn dogs...

Culver Doggy, inc, produces and sells corn dogs. The corn dogs are dipped by hand. Austin Beagle, production manager, Is considering purchasing a machine that will make the corn dogs. Austin has shopped for machines and found that the machine he wants will cost $337,000. In addition. Austin estimates that the new machine will increase the company's annual net cash flows by $51,900. The machine will have a 12 -year useful life and no salvage value. Click here to view PV tables (a) Calculate the cash payback period. (Round answer to 2 decimal ploces, e.g. 15.21.) Cash payback period vears Your answer is incorrect. Calculate the machine's internal rate of return. Internal rate of return