University of Rochester Medical center is considering purchasing an ultrasound machine for $1,135,000. The machine has a 10-year life and an estimated salvage value of $40,000 (assume straight - line depreciation) - Installation costs and freight charges will be $24,200 and $300, respectively. The medical center estimates that the machine will be used five times a week with the average charge to the patient for ultrasound of $850. There are $10 in medical supplies and $40 of technician costs for each procedure performed using the machine. Compute the payback period for the new ultrasound machine. Compute the annual rate of return for the new machine. Hewlett-Packard Corporation recently purchased a new machine for its factory operations at a cost of $840,000. The investment is expected to generate $250,000 in annual cash flows for a period of five years. The required rate of return is 12%. The new machine is expected to have zero salvage value at the end of the five-year period. Using the internal rate of return method calculate an approximate interest yield for the project. (use tables from Appendix D) Should this project be accepted by Hewlett-Packard and why