Points: 13.33 of 20 Save Cago Hospital, 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 osal value is expected Chicago Hospital's required rate of return is 12% Assume all cash flows occur at year-end except for initial investment amounts Chicago Hospital uses straight line deprecation ment Value of $1 table Present Value of Annuity of 51.table Future Value of 51 fable Future Value of Annuity of $1 table the requirements Requirements 1. Calculate the following for the special-purpose eye-testing machine: a. Net present value b. Payback period c. Internal rate of return d. Accrual accounting rate of return based on net initial investment e. Accrual accounting rate of return based on average investment 2. What other factors should Chicago Hospital consider in deciding whether to purchase the special-purpose eye-testing machine? Print Done - X