Adams Manufacturing Company is considering purchasing a machine that could reduce labor costs in one of its facilities in North Carolina. The relevant information for the machine follow Purchase cost of the machine Annual cost savings that will be provided by the machine Life of the sachine $530,000 $100,000 18 years Required: 1a Compute the payback period for the equipment 16. If the company requires a payback period of four years or less, would the machine be purchased? 20. Compute the simple rate of return on the machine. Use straight-line depreciation based on the machine's useful life. 26. Would the machine be purchased if the company's required rate of return is 15%? Complete this question by entering your answers in the tabs below. Red Reg 18 Req2A Reg 28 Compute the payback period for the equipment. (Round your answer to 1 decimal place) years Rey 18 >