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Please help me!! Asap! Thanks m you Exam 3, Chapters 10, 12, and 13 25.00 points Problem 13-24 simple Rate of Return: Payback: Internal Rate

image text in transcribedPlease help me!! Asap! Thanks m you
image text in transcribed
Exam 3, Chapters 10, 12, and 13 25.00 points Problem 13-24 simple Rate of Return: Payback: Internal Rate of Return luo13-1. Lo13-3, L013-6I The Ebert Fnut Farm ofontario has always hired mnsient workers to pick its annual oherry crop. Francie Wright the farm manager, has just received information on a cherry picking machine that is being the purchased by many fruit farms. The machine is a mo device that shakes the cherry tree, causing chemies fall onto plastic tarps that funnelthe into Ms Wright has gathered the folowing would be a profitable investment for Elberta Fruit Farm a currenty, the farmis paying an average per year to transient workers to pick the chemies. The chemy picker would and it would have an estimated 8 useful life. The farm uses straight-line depreciation on al assets and considers salvage value in computing depreciation deductions. The estimated salvage value cherry picker $75,000. e Annualout-of pocket oosts associated with the cherry picker would be cost of an operator and an $15,000, assistant, S85.000, insurance, $4,000; fuel, $12.000; and a maintenanoe oontract. csik here toview Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor using 1. Determine the annual savings in cash operating oosts that wouldbe realzed if the cherry picker were Less out pocket costs lo operate the cherry picker Annual savings in cash operating costs 2a. Compute the simpie rate of retum expected from the cherry picker. Simple rate of return 20 Would the

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