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Problem 3 (45 Points) Acme Plastics plans to purchase a new injection molding machine that involves a capital investment of $300,000 with an estimated

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Problem 3 (45 Points) Acme Plastics plans to purchase a new injection molding machine that involves a capital investment of $300,000 with an estimated residual value of $85,000 after 8 years. This injection molding machine will increase annual net revenues by $65,000. Acme's MARR is 15%. Based on an IRR analysis should ACME make this investment? Solve this problem in Excel, create a model that shows the inputs, end-of-year and cashflows, then compute IRR. Provide an interpretation. Paste a clear screenshot of your spreadsheet below, showing all the work done (do not submit the Excel spreadsheet).

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