A Company wants to buy a new stamping machine. Details of the proposal were as follows: Cost Net income Annual net cash inflows Residual value Estimated useful life in years $350,000 $39,204 $64,404 $28,000 10 The company's minimum rate of return is 16 percent. Use Tables 3 and 4 on Present Value. Required: (1) Compute (a) the Net Present Value; (b) the Accounting Rate of Return; (c) the Payback Period. (2) Summarize the information obtained in (a), (b), and (c) and make your recommendation. (3) If your answers obtained in the frame of the given three methods will differ, which method is the best for Capital Investment Analysis.