Chapter 13: Capital Budgeting Decisions (25 points) Problem 1-Internal Rate of Returna (5 pointal The management of Casey Corporation is considering the pur f 5 years, and molding machine that would cost $255,552, wo would have no salvage value. The automated molding machine wou savings of $64,000 per year due to lower labor and other costs. uld have a useful life of 5 years, and ld result is cash Required Determine the internal rate of return on the investment in the new automated molding machine. Show your work! a. b. If the required rate of return on investments is 12%, is the project acceptable