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0.00 points Henrie's Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $137,280, including freight
0.00 points Henrie's Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $137,280, including freight and installation. Henrie's has estimated that the new machine would increase the company's cash inflows, net of expenses, by $40,000 per year. The machine would have a five-year useful life and no salvage value. Click here to view Exhibit 138-1 and Exhibit 138-2, to determine the appropriate discount factor(s) using table. Required 1. Compute the machine's internal rate of return to the nearest whole percent. Internal Rate of Retur Choose Numerator: I Choose Denominator: Factor Number of Years Internal Rate of Return Factor 2, Compute the machine's net present value. Use a discount rate of 14% Net present value
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