Tablerock Corp. is interested in reviewing its method of evaluating capital expenditure proposals using the accounting rate of return method. A recent proposal involved a $110,000 investment in a machine that had an estimated useful life of five years and an estimated salvage value of $21,000. The machine was expected to increase net income (and cash flows) before depreciation expense by $29,000 per year. The criteria for approving a new investment are that it have a rate of return of 10% and a payback period of three years or less. Use Table 6-4. (Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals.) Required a-1. Calculate the accounting rate of return on this investment for the first year. Assume straight-line depreciation. (Round your answer to 1 decimal place.) nting rate of return a-2. Based on this analysis, would the investment be made? No Yes b-1. Calculate the payback period for this investment. (Round your answer to 2 decimal places.) Screen Shot 2018-11-27 at 7.23.34 PM Payback period years Discount Rate No. of Periods b-2. Based on this analysis, would the investment be made? 2% 4% 6% 8% 10% 12% 14% 0.980 09615 09434 09259 091 0.8029 0.8772 0.961 0.9246 0.8900 0.8573 0.8264 0.7972 0.7695 0.942 0.8800 0.8396 0,7938 0.7513 0.7118 0.6750 0.924 0.8548 0.7921 0.7350 0.6830 0.6355 05921 0.906 0.8219 0.7473 0.6806 06209 0.5674 05194 0.888 0.7903 0.7060 0.6302 O5645 0.5066 04556 0.871 0.759 0.6651 05835 05132 0.4523 0.3006 0.853 0.73070.6274 0.5403 O4665 0.4039 03506 0.837 0,7026 0.5019 05002 04241 0.3606 0.3075 0.820 0.6756 0.5584 04632 O3855 0.3220 0.2697 No es c-1. Calculate the net present value of this investment using a cost of capital of 10% Net present value 10