InstructionsWith the class divided into groups answer the following. (Ignore inc

InstructionsWith the class divided into groups answer the following. (Ignore income tax effects.)(a) Prepare an incremental analysis for the 4 years showing whether Morganstern should keep the existing machine or buy the new machine.(b) Calculate the annual rate of return for the new machine. (Round to two decimals.)(c) Compute the payback period for the new machine. (Round to two decimals.)(d) Compute the net present value of the new machine. (Round to the nearest dollar.)(e) On the basis of the foregoing data would you recommend that Morganstern buy the machine?Why?