Question 7 of 7 1/3 BSU Inc. wants to purchase a new machine for $48,200, excluding $1,500 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 $2,000, 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 the factor table. (a) Determine the cash payback period. (Round cash payback period to 2 decimal places, eg, 10.53.) Cash payback period 48 years (b) Determine the approximate internal rate of return. (Round answer to O decimal places, eg 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided) Internal rate of return 7 % (c) 2 dtv STA Question 7 of 7 1/3 (b) Determine the approximate internal rate of return. (Round answer to decimal places, e.3. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Internal rate of return 7 % (c) Assuming the company has a required rate of return of 5%, determine whether the new mache should be purchased, The investment should be accepted eTextbook and Media Attempts: 1 of 3 used Submit Antwer Sive for Later Lastsaved 6 minutes ago Saved work will be auto submitted on the due date. Auto submission can take up to 10 minutes