Question 3 of 4 -/30 View Policies Current Attempt in Progress BSU Inc. wants to purchase a new machine for $45,600, excluding $1,200 of installation costs. The old machine was bought five years ago and had an expected economic life of 10 years without salvage value. This old machine now has a book value of $1.900, and BSU Inc expects to sell it for that amount. The new machine would decrease operating costs by $10,000 each year of its economic life. The straight-line depreciation method would be used for the new machine for a six-year period with no salvage value. Click here to view PV table (a) Determine the cash payback period. (Round cash payback period to 2 decimal places, eg. 10.53.) Cash payback priod years (b) Determine the approximate internal rate of return. (Round answer to decimal places, eg. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Internal rate of return (c) Assuming the company has a required rate of return of 7%, determine whether the new machine should be purchased. The investment be accepted e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 5% score reduction after attempt 2