Fxercise 24-6 Your answer is partially correct. Try again. ts to purch for $14,300 $1,500 of insta boucht five yea d had ife of 10 yea to sell that ng costs by $10,000 straight-line depreciat ethod d be ed forth hine, for Determine the cash payback pericd. (Round cash payback period to 1 decimal place, e,g, 10.5.J Cash payback period years Determine the approximate intennal rate of retum. (Round answer to 0 declmal places, e-g. 10, For calculatlon purposes, use 5 declmal places as displayed in the factor table provided.) Intemal rate or return Assuming the company h required rate ot retum ot 8% ermine whether the new machin e should be purchased. The vestme be accepted. ld like to S LINK TO TEXT LLKKTo TEXT This old lue of $2,200 nd BSU In period with salvage Questi Attempts: 1 of 5 used FnR LATFR SuBMIIANSwLK