Swifty Inc. wants to purchase a new machine for $44.100, excluding $1400 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 Swifty 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. Determine the cash payback period. (Round cash payback period to 2 decimal places, eg 10.53.) Cash payback period years (b) Determine the approximate internal rate of return (Round answer to o decimal places, s. 13%For calculation purposes, use S decimal places as displayed in the factor table provided) Internal rate of return % Internal rate of return % (c) Assuming the company has a required rate of return of 9%, determine whether the new machine should be purchased. The investment be accepted. eTextbook and Media