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The Spirit Beads Corporation wants to purchase another beading machine to able to meet new custom demands. The machine will cost $16,375 to purchase out

The Spirit Beads Corporation wants to purchase another beading machine to able to meet new custom demands. The machine will cost $16,375 to purchase out right and has an estimated life of 10 years if maintained properly. Annual cash inflow for this year is estimated to increase for $65,000 and cash outflow would increase $4000. For this to be truly profitable then there should be at least 15% of return back from this purchase. Please calculate if this should be accepted or not.

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