Blue Spruce Fashions needs to replace a beltloop attacher that currently costs the company $56,000 in annual cash operating costs. This machine is of no use to another company, but it could be sold as scrap for $3,128. Managers have identified a potential replacement machine, Euromat's Model HD-435. The HD-435 is priced at $96,000 and would cost Blue Spruce Fashions $36,000 in annual cash operating costs. The machine has a useful life of 8 years, and it is not expected to have any salvage value at the end of that time. (a) Calculate the net present value of purchasing the HD-435, assuming Blue Spruce Fashions uses a 12% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, e.g. 58,971.) Net present value (b) Calculate the internal rate of return on the HD-435. (Round answer to O decimal places, e.g. 25%.) Internal rate of return % (c) Calculate the payback period of the HD-435. (Round answer to 4 decimal places, e.g. 15.2515.) Payback period years (d) Calculate the accounting rate of return on the HD-435. (Round answer to 2 decimal places, eg. 11.25%.) Accounting rate of return %