Problem 9-29 Your answer is partially correct. Try again. Pina Colada Fashions needs to replace a be tloop attacher that currently costs the company $46,000 in annual cash operating costs. This machine is of no use to another company, but it could be sold as scrap for $2,550. Managers have identified a potential replacement machine, Euromat's Model HD-435. The HD-435 is priced at $46,942 and would cost Pina Colada Fashions $36,000 in annual cash operating costs. The machine has a useful life of 12 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 Pina Colada Fashions uses a 16% discount rate. For calculation purposes use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971.) Net present value 75 (b) Calculate the internal rate of return on the HD-435 Internal rate of return (c) Calculate the payback period of the HD-435. (Round answer to 4 decimal places, e.g. 15.2515.) Payback period (d) Calculate the accounting rate or return on the HD-435. (Round answer to 2 decimal places, e.g. 11.25%.) Accounting rate of return (e) Should Pina Colada Fashions purchase the HD-435? 4.6942 ears 42.61 Yes Click if you would like to Show Work for this