2 The Elberta Fruit Farm of Ontario has always he transient workers to picks checonnes With Just received information on a cherry picking machine that is being purchased by many from the machined i that shakes the cherry tree, causing the chemies to fallontoplastic tarps that funnet the chemies into Me Withered the following information to decide whether a chery picker would be a protestment for the Eberta Frutom D Hoook a. Currently, the farm is paying an average of $170.000 per year to transcent workers to pick the centers b. The cherry picker would cost $270.000. It would be depreciated using the straight line method and it wouve salvage will at the end of its 8 year useful life L. Annual out of pocket costs associated with the cherry picker would be cost of an opend in 50000 $3000, fuel$12.000 and a maintenance contract. 18.000 Click here to view Exhib14and Ex140 to determine the appropriate discount factor ingles Required: 1. Determine the annual savings in cash operating costs that would be to the cherry were purchased 2. Compute the simple rate of retum expected from the chicken 2b. Would the cherry picker be purchased elbetta Fruit Farms required tate ofretum is 15 3a Compute the payback period on the cherry picke 1 The Elberta Fruit Farm will not purchase equipment and has a payback period of five years or less Would me cherche purchased? 4a. Compute the internal rate of retur promised by the cherry picker 46. Based on this computation does it appear that the simple rate of burnthaceae quide esimenech? Complete this question by entering your answers in the tablow. Reg1 Regan 20 RODA