Question 13 --/1 View Policies Current Attempt in Progress um se Course als Sheridan Inc. wants to purchase a new machine for $43,530, excluding $1,500 of installation costs. The old machine was bought five years ago and had an expected economic life of 10 years without salvage value. This old machine now has a book value of $2,100, and Sheridan Inc. expects to sell it for that amount. The new machine would decrease operating costs by $9,000 each year of its economic life. The straight-line depreciation method would be used for the new machine, for a six-year period with no salvage value. Zoom le Drive utor Click here to view PV table. (a) y Accounting kly Updates Determine the cash payback period. (Round cash payback period to 2 decimal places, e.g. 10.53.) etbook eyPLUS Support Cash payback period years ley Accounting rekly Updates extbook HeyPLUS Support (6) Determine the approximate internal rate of return. (Round answer to O decimal places, es. 13. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) abster Dashboard Internal rate of return Assuming the company has a required rate of return of 5%, determine whether the new machine should be purchased The investment be accepted