REQ: 3B, 4A, 4B please

The Elberta Fruit Farm of Ontario always has hired transient workers to pick its annual cherry crop. Janessa Wright, the farm manager, Just received information on a cherry picking machine that is being purchased by many fruit farms. The machine is a motorized device that shakes the cherry tree, causing the cherries to fall onto plastic tarps that funnel the cherries into bins. Ms. Wright has gathered the following information to decide whether a cherry picker would be a profitable investment for the Elberta Fruit Farm: a. Currently, the farm is paying an average of $240,000 per year to transient workers to pick the cherries b. The cherry picker would cost $630,000. It would be depreciated using the straight-line method and it would have no salvage value at the end of its 10-year useful life. c. Annual out-of-pocket costs associated with the cherry picker would be cost of an operator and an assistant, $92,000; insurance, $5,000, fuel, $18,000; and a maintenance contract, $20,000, Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 2B Req Req 3B Reg 4A Reg 4B The Elberta Fruit Farm will not purchase equipment unless it has a payback period of six years or less. Would the cherry picker be purchased? OYes ONO Complete this question by entering your answers in the tabs below. Req 1 Req ZA Reg 28 Req Reg 3B Req 4A Req 48 Compute the internal rate of return promised by the cherry picker. Internal rate of return % Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 2B Reg 3A Reg 3B Req 4A Reg 48 Based on this computation, does it appear that the simple rate of return is an accurate guide in investment decisions? Yes ONO