Corn Doggy, Inc. produces and sells corn dogs. The corn dogs are dipped by hand. Austin Beagle, production manager, is considering purchasing a machine that will make the corn dogs. Austin has shopped for machines and found that the machine he wants will cost $160,000. In addition, Austin estimates that the new machine will increase the company's annual net cash inflows by $53,000. The machine will have a 16-year useful life and no salvage value. Instructions A. Identify the following amounts: Initial Cash Outlay Differential Annual Operating Cash Flow Differential Annual Net Income Compute the following: 1. 2. 3. B. 1. Cash Payback Period years 2. Return on Investment (ROI) % 3. 4. Net Present Value, assuming the cost of capital is 10% Internal Rate of Return %