Swifty Inc. wants to purchase a new machine for $44,100, excluding $1,400 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. (a) Determine the cash payback period. (Round cash payback period to 2 decimal places. e.g. 10.53.) Cash payback period 486 years (b) b) Determine the approximate internal rate of return (Round answer to O decimal places... 13%. For calculation purposes, use 5 decimal places as displayed in the factor tahle provided.) Internal rate of return le 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