#5 (15pts) A production manager is considering purchasing a machine that will cost $215,000. It is estimated that the new machine will increase the company's annual net cash inflows by $33,000. The machine will have a 12-year useful life and no salvage value. You may need to use the PV Table below. (a) Calculate the cash payback period. Show your work. (b) Calculate the machine's net present value using a discount rate of 10%. Show your work. (c) Assuming the company's cost of capital is 10%, is the investment acceptable? Why or why not? TABLE4 Present Value of an Annuity of 1 Payments 50aWN 4% 5% 6% .96154 95238 94340 1.88609 1.85941 1.83339 2.77509 2.72325 2.67301 3.62990 3.54595 3.46511 4.45182 4.32948 4.21236 5.24214 5.075694.91732 6.00205 5.78637 5.58238 6.73274 6.46321 6.20979 7.435337.10782 6.80169 8.11090 7.721737.36009 7% 93458 1.80802 2.62432 3.38721 4.10020 4.76654 5.38929 5.97130 6.51523 7.02358 8% 92593 1.78326 2.57710 3.31213 3.99271 4.62288 5.20637 5.74664 6.24689 6.71008 9% 10% 11% 12% 15% 917439090990090 .89286 .86957 1.75911 1.73554 1.71252 1.69005 1.62571 2.53130 2.48685 2.44371 2.40183 2.28323 3.23972 3.16986 3.10245 3.03735 2.85498 3.88965 3.79079 3.69590 3.60478 3.35216 4.48592 4.35526 4.23054 4.11141 3.78448 5.03295 4.86842 4.71220 4.56376 4.16042 5.53482 5.33493 5.14612 4.96764 4.48732 5.99525 5.75902 5.53705 5.32825 4.77158 6.41766 6.14457 5.88923 5.650225.01877