Tuext, l Inc., occur in December. The company's sales forecast is given below September October November December Januany Cash sales represent 20% of total sales. From past experience, the company has learned that 80% of a month's credit sales is collected in the month following the sale, and that the remaining 20% is collected in the second month following the sale. August sales totaled $20,000 The average gross profit margin on sales is 40%. expected cost of goods sold. All purchases are paid for in the month following . The policy is to acquire enough inventory each month to equal the following month s purchase Prepare, for the fourth quarter (1) Sales Budget (2) Cash Collections from Customers Schedule; (3) Purchases Budget; and (4) Disbursements for Purchases Schedule uired: (15 pts) e the Master Budget template provided Company is considering an investment in a machine that costs $85,000 and would res sh savings of $30,000 per year. The machine will have an estimated useful life of 4 year a $5,000 terminal salvage value at the end of that time. (15 pts) Required: Compute the following: (a) The Payback Period. (b) The Net Present Value, assuming the minimum desired rate of return is 8 (c) The Accounting Rate of Returr (d) Should the new machine be purchased? Explain why