Bonita Company is considering purchasing new equipment for $360,000. It is expected that the equipment will produce net annual cash flows of $50,000 over its 10-year useful life. Annual depreciation will be $36,000. Compute the cash payback period. (Round answer to 1 decimal place, eg. 10,5.) Cash payback period Years Sheffield Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computer- sided design and manufacturing machine for $445,000. The company believes that with this new machine it will improve productivity and increase quality resulting in an increase in net annual cash flows of $117.5B6 for the next 6 years, Management requires a 10% rate of return on all new investments. Click here to view PV table. Calculate the internal rate of return on this new machine (Round answer to O decimal places. e... 13%, For calculation purposes, use 5 decimal places as displayed in the factor table provided) Internal rate of return % Should the investment be accepted? The investment : be accepted