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BSU Inc wants to purchase a new machine for $38,770, excluding $1,500 of installation costs. The old machine was bought five years ago and had

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BSU Inc wants to purchase a new machine for $38,770, excluding $1,500 of installation costs. The old machine was bought five years ago and had an expected economic life of 10 years without salvage value. This old machine now has a book value of $2.200, and BSU Inc. expects to sell it for that amount. The new machine would decrease operating costs by 59,000 each year of its economic life. The straight-line depreciation method would be used for the new machine, for a six-year period with no salvage value. Click here to view the factor table. Determine the cash payback period. (Round cash payback period to 2 decimal places, eg. 10.53.) Cash payback period years (b) Determine the approximate internal rate of return. (Round answer to decimal places, es 13%. For calculation purposes, use 5 decimal places as displayed in the factor tohle provided) Internal rate of return c) Assuming the company has a required rate of return of 10% determine whether the new machine should be purchased The investment be accepted Should

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