Use the following information for the Quick Study below. The following information applies to the questions displayed below. A company is considering Investing in a new machine that requires a cash payment of $51.939 today. The machine will generate annual cash flows of $20,885 for the next three years. QS 24-13 Internal rate of return LO P4 What is the internal rate of return if the company buys this machine? (PV of $1, FV of $1 PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Amount Invested Annual Net Cash Flow - Present Value Factor Internal Rate of Return B2B Co. is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is expected to cost $264,000 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 105,600 units of the equipment's product each year. The expected annual income related to this equipment follows. $165,000 Sales Costs Materials, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (50%) Net income 88,000 22,000 16,500 126,500 38,500 19,250 $ 19,250 1. Compute the payback period. 2. Compute the accounting rate of return for this equipment. Complete this question by entering your answers in the tabs below. Inces Required 1 Required 2 Compute the payback period. Payback Period Choose Denominator: Choose Numerator: - Payback Period Payback period quired 1 Required 2 > rint Complete this question by entering your answers in the tabs below. rences Required 1 Required 2 Compute the accounting rate of return for this equipment. Accounting Rate of Return Choose Denominator: Choose Numerator: - Accounting Rate of Return Accounting rate of return