View Policies Current Attempt in Progress BSU Inc. wants to purchase a new machine for $28,100, excluding $1,400 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 $2,000 and BSU Inc. expects to sell it for that amount. The new machine would decrease operating costs by $6.500 each year of its economic life. The straight-line depreciation method would be used for the new machine, for a six-year perlod with no salvage value. Click here to view PV table. (a) Determine the cash payback period. (Round cash payback period to 1 decimal place, eg. 10.5.) Cash payback period years (b) Determine the approximate internal rate of return. (Round answer to decimal places, eg. 10. For calculation purposes, use 5 decimal places as displayed in the factor table provided) Internal rate of return