ACC 321 Group Project (chapter 21)-Form A Doughboy Bakery would like to buy a new machine that puts icing and other toppings on pastries. These are now put on by hand. The new machine the bakery is considering costs $120,000. It would last the bakery for eight years and then could be sold for $6,000 at the end of the machines useful life. The bakery estimates that it will cost $14,000 per year to operate the new machine. The present band method of putting toppings on the pastries.costs $35,000 per year. In addition to reducing operating costs, the new machine will allow the bakery to increase its produc- tion of pastries by 5,000 packages per year. The bakery realizes a contribution margin of $0.60 per package. The bakery requires a 10% return on all investments in equipment. a) What is the net annual cash inflow that is expected if the new machine is bought? b) What is the payback period for this possible investment in a machine