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Flounder Doggy, Inc. produces and sells corn dogs. The corn dogs are dipped by hand....

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Flounder Doggy, Inc. produces and sells corn dogs. The corn dogs are dipped by hand. Austin Beagle, production manager, is considering purchasing a machine that will make the corn dogs. Austin has shopped for machines and found that the machine he wants will cost $241,000. In addition, Austin estimates that the new machine will increase the company's annual net cash flows by $38,900. The machine will have a 12-year useful life and no salvage value. (a) Your answer has been saved. See score details after the due date. Calculate the cash payback period. (Round answer to 2 decimal places, e.g. 15.21.) Cash payback period years Attempts: 1 of 1 used (b) Calculate the machine's internal rate of return. Internal rate of return %

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