Jefferson Labs, a nonprofit organization, estimates that it can save $29,000 a year in cash operating costs for the next 8 years if it buys a special-purpose eye-testing machine at a cost of $115,000. No terminal disposal value is expected. Jefferson Labs' Jefferson Labs' required rate of return is 12%. Assume all cash flows occur at year-end except for initial investment amounts. Jefferson Labs Jefferson Labs uses straight-line depreciation. Calculate the following for the special-purpose eye-testing machine: Net present value Payback period Return on average investment What other factors should City Hospital consider in deciding whether to purchase the special-purpose eye-testing machine? Calculate the following for the special-purpose eye-testing machine: Net present value Payback period Return on average investment What other factors should City Hospital consider in deciding whether to purchase the special-purpose eye-testing machine?

Calculate the following for the special-purpose eye-testing machine:

Net present value

Payback period

Return on average investment

What other factors should City Hospital consider in deciding whether to purchase the special-purpose eye-testing machine?