Question 1 Accounting Tec Dropdown Current Attempt in Progress Garrett Boone, Monty Enterprises' vice president of operations, needs to replace an automatic lathe on the production line. The model he is considering has a sales price of $301,125 and will last for 10 years. It will have no salvage value at the end of its useful life. Garrett estimates the new lathe will reduce raw materials scrap by $39,800 per year. He also believes the lathe will reduce energy costs by $26,000 per year. If he purchases the new lathe, he will be able to sell the old lathe for $5,413. Click here to view the factor table. (a) Calculate the lathe's internal rate of return. Question 2 Accounting Text Dropdown Viewing Que Accounting Text Droodowe Internal rate of return Question 4 Accounting Tenn Dropdown (b) If Monty Enterprises uses a 16% hurdle rate, should Garrett purchase the lathe? Questions Acco e Textbook and Media