Payback, Accounting Rate of Return, Net Presens Valuf, Internal Rate of Return Follow the format shown in Eshant 128.1 and Exhbit 128.2 as you complete the requirements below. Woodard Company wants to buy a numerically controlled (NC) machine ta be used in prodicing specially mochined parts for manufacturers of tractors. The outlay required is $460,600. The NC equipment will last 5 years with no expected salvoge value. The expected after-tax cash flows aswociated with the project follow 2. Compute the NC equipment's ARR. Round the percentage to one decimal place. Assume straight-line depreciation