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Burton, a manufacturer of snowboards, is considering replacing an existing piece of equipment with a more sophisticated machine. The cash flows for this capital investment

Burton, a manufacturer of snowboards, is considering replacing an existing piece of equipment with a more sophisticated machine. The cash flows for this capital investment are provided below. Burton uses a WACC of 14%.

Year	0	1	2	3
Cash Flows	-$139,811	$65,419.50	-$2,373.50	$115,738

Find the Discounted Payback period, NPV, IRR, and MIRR.

Should the new machine be purchased? Why or why not?

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