2) You are the financial analyst of ABC Company. The company is considering about a potential investment of a new machine and the importance of budgeting as a successful tool within the overarching strategic planning process. You are provided with the following details: The purchase cost of the new machine is 10,000,000. The machine will produce an expected annual cash inflow of 4.800.000, with an annual cash outflow of 1,500,000. It is expected the machine will have a useful life of 5 years after which it can be sold for 500,000. The machine will be depreciated using the straight-line method. ABC Company's cost of capital is 10% Calculate the Payback Period, the Accounting Rate of Retum, and the Net Present Value of the machine, and provide recommendations as to whether the machine should be bought. (10 marks)