Current Attempt in Progress Garrett Boone, Martinez Enterprises vice president of operations needs to replace an automatic athe on the production line. The model he is considering has a sales price of $309.243 and will last for 15 years. It will have no salge value at the end of its useful life Garrett estimates the new tathe will reduce raw materials scrap by $35.000 per year. He also believes the lathe wil reduce energy costs by 55.000 per year. It he purchases the new lathe, he will be able to sell the old tathefors 55.000 Click here to view the factor tale (a) Calculate the lathe's internal rate of return. Round answer to decimal places, es 25%) Internal rate of return (b) i Martinez Enterprises uses a hardie rate should Garrett purchase the tathe? 1) Without doing any calculations what do you know about the lathe's net present value Net present value will be eTextbook and Media Attempts of 10 used