Novak Fashions needs to replace a beltloop attacher that currently costs the company $58,000 in annual cash operating costs. This machine is of no use to another company, but it could be sold as scrap for $3,128. Managers have identified a potential replacement machine. Euromat's Model HD-435. The HD 435 is priced at $93.000 and would cost Novak Fashions $38,000 in annual cash operating costs. The machine has a useful life of 8 years and it is not expected to have any salvage value at the end of that time. (a) Calculate the net present value of purchasing the HD-435, assuming Novak Fashions uses a 12% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to decimal place, eg 58,971.) Net present value $ (b) Calculate the internal rate of return on the HD-435. Round answer to decimal places, es 25%) Internal rate of return % (c) Calculate the payback period of the HD-435. (Round answer to 4 decimal places, e3. 15.2515) Payback period years (d) Calculate the accounting rate of return on the HD 435. (Round answer to 2 decimal places, s. 11.25%) Accounting rate of return % le) Should Novak Fashions purchase the HD 435