Jeff's Auto Repair is looking at making an investment of $732,000 in new machinery. They expect to generate the following Earnings Before Amortization and Taxes as well as the following positive, after-tax cash flows: Required: Compute the Average Accounting Return assuming the asset will be fully depreciated over the six-year time period, using straightline depreciation, and Jeff's Auto Repair has a 30 percent tax rate. (Round your answer to two decimal places (e z 12.34\$)) Compute the payback period in years, and the internal rate of return for the project Compute net present value of the project if WACC is 11 percent. Should the project be undertaken, and why? Test 2 Question 1 Version 1 (25 Marks) Ouevition (a) Silutions Output for Avernge Actountine Itste Cakulation Average Net iocome Calculation \begin{tabular}{|c|c|c|} \hline \multicolumn{2}{|c|}{ Question (c) Computeing Net Present Value } \\ \hline Year & After-tax Cash Flow & Present Value \\ \hline 0 & & \\ \hline 1 & & \\ \hline 2 & & \\ \hline 3 & & \\ \hline 4 & & \\ \hline 5 & & \\ \hline 6 & \\ \hline Net Present value & \\ \hline \end{tabular} Discuss whether or not this project should be undertaking based on AAR, Payback, IRR and NPV calculations above indicate the decision and why you chose that course of action