Grouper 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 $250,000. In addition, Austin estimates that the new machine will increase the company's annual net cash flows by $38,500. The machine will have a 12 -year useful life and no salvage value. (a) Calculate the cash payback period. (Round answer to 2 decimol places, es. 15.21) Cash payback period years Attempts: 1 of 2 used (b) Calculate the machine's internal rate of return. Internal rate of return Attempts: 0 of 2 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be avallable when you complete the part above