6 of 10 View Policies Show Attempt History < Current Attempt in Progress 0.25/1 Blue Spruce 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 $368,800. In addition, Austin estimates that the new machine will increase the company's annual net cash flows by $56,800. The machine will have a 12-year useful life and no salvage value. Click here to view PV tables. t (a) Your answer is correct. W Question 6 of 10 (a) < 0.25/1 Your answer is correct. Calculate the cash payback period. (Round answer to 2 decimal places, e.g. 15.21.) Cash payback period eTextbook and Media 6.49 years Attempts: 1 of 5 used W a C Question 6 of 10 Your answer is incorrect. Calculate the machine's internal rate of return. Internal rate of return eTextbook and Media Save for Later 6.55 % 0.25/1 Attempts: 2 of 5 used Submit