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53. (10 points-5 each) Wayton Medical Center is considering purchasing an ultrasound machine for $1,135,000....

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53. (10 points-5 each) Wayton Medical Center is considering purchasing an ultrasound machine for $1,135,000. The machine has a 10-year life and an estimated salvage value of $40,000. Installation costs and freight charges will be $24.300 and $700, respectively The Center uses straight-line depreciation. The medical center estimates that the machine will be used five times a week with the average charge to the patient for ultrasound of $850. There are $10 in medical supplies and $40 of technician costs for each procedure performed using the machine. Instructions (a) Compute the payback period for the new ul (b) Compute the annual rate of return for the new machine

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