Davis, Managerial Accounting, 3e ?) CALCULATOR PRINTER VERSION BACK Problem 9-29 Pina Colada Fashions needs to replace a beltloop attacher that currently costs the company $46,000 in annual cash operating costs. This machine is of no use to another company, but it could be sold as scrap for $2,550. Managers have identified a potential replacement machine, Euromat's Model HD-435 The HD-435 is priced at $46,942 and would cost Pina Colada Fashions $36,000 in annual cash operating costs. The machine has a useful life of 12 years, and it is not expected to have any salvage value at the end of that time. ew a Calculate the net present value of purchasing the HD-435, assuming Pina Colada Fashions uses a 16%, discount rate Forca c ation purposes, use 4 deci places as disp ay the factor table provided and round final answer to O decimal place, e.g. 58,971.) Net present value (b) Calculate the internal rate of return on the HD-435 Internal rate of return (c) Calculate the payback period of the HD-435. (Round answerto 4 decimal places, e.g. 15.2515.) Payback period (d) Calculate the accounting rate of return on the HD-435. (Round answer to 2 decimal places, eg, 11.25%.) years Accounting rate of return (e) Should Pina Colada Fashions purchase the HD-435