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3. (20 pts) Your company is investing in a small injection molding machine for $10,000 that you will use for 5 years. The annual expected
3. (20 pts) Your company is investing in a small injection molding machine for $10,000 that you will use for 5 years. The annual expected revenue generated from products made by this machine is $5,310 and annual expenses for the machine are $3,000. The expected salvage value at the end of 5 years is $2,000. Your company's minimum attractive rate of return is 12%. Based on internal rate of return analysis, required by your company, is this investment economically acceptable? Why or why not
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