5 Alot Company purchased a machine for $119,000. The machine has a life of seven years with no salvage value. It is expected that the machine will generate annual net cash inflows of $28,000 per year over its useful life. Assume Alot Company employs a cost of capital of 10% on all capital investment projects. The internal rate of return (IRR) on the machine is closest to: You will need to use the present value table factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week 11. Click on the link labeled present value table factors. No credit will be awarded for this question using a means other than these table factors to answer this question. 9% 10% 12% 14% 15% 16% Present Value of a Lump-Sum Rate of interest per period in percent Periods 3% 5% 8% 9% 10% 12% 14% 15% 16% 20% 10 12 15 16 17 19 -23456789025678222 0.971 0.952 0.925 0.917 0.909 0.893 0.877 0.870 0.862 0.833 0.943 0.907 0.857 0.842 0.826 0.797 0.770 0.756 0.743 0.694 0.915 0.864 0.794 0.772 0.751 0.712 0.675 0.658 0.640 0.579 0.889 0.823 0.735 0.708 0.683 0.635 0.592 0.572 0.552 0.482 0.863 0.784 0.680 0.650 0.620 0.567 0.520 0.497 0.476 0.402 0.838 0.746 0.630 0.596 0.565 0.507 0.456 0.432 0.410 0.335 0.813 0.710 0.584 0.547 0.513 0.452 0.400 0.376 0.354 0.279 0.789 0.677 0.540 0.502 0.467 0.404 0.350 0.327 0.305 0.233 0.766 0.645 0.500 0.460 0.424 0.360 0.308 0.284 0.263 0.194 0.744 0.614 0.463 0.422 0.385 0.322 0.270 0.247 0.227 0.162 0.701 0.557 0.397 0.356 0.319 0.257 0.208 0.187 0.169 0.112 0.642 0.481 0.315 0.275 0.240 0.183 0.140 0.123 0.108 0.065 0.623 0.458 0.292 0.252 0.218 0.163 0.123 0.107 0.093 0.054 0.605 0.436 0.270 0.231 0.198 0.146 0.108 0.093 0.080 0.045 18 0.587 0.416 0.250 0.212 0.180 0.130 0.095 0.080 0.069 0.038 0.570 0.396 0.232 0.195 0.164 0.116 0.083 0.070 0.060 0.031 0.554 0.377 0.215 0.178 0.149 0.104 0.073 0.061 0.051 0.026 21 0.538 0.359 0.199 0.164 0.135 0.093 0.064 0.053 0.044 0.022 24 0.492 0.310 0.158 0.126 0.102 0.066 0.043 0.035 0.028 0.013 25 0.478 0.295 0.146 0.116 0.092 0.059 0.038 0.030 0.025 0.011 Present Value of an Annuity Rate of interest per period in percent Periods 3% 5% 8% 9% 10% 12% 14% 15% 16% 20% 123456 0.971 0.952 0.925 0.917 0.909 0.893 0.877 0.870 0.862 0.833 1.914 1.860 1.783 1.759 1.736 1.690 1.647 1.625 1.605 1.528 2.829 2.723 2.577 2.531 2.487 2.402 2.322 2.283 2.245 2.107 3.717 3.546 3.312 3.240 3.170 3.037 2.914 2.855 2.798 2.589 4.580 4.330 3.993 3.890 3.790 3.605 3.433 3.352 3.274 2.991 5.417 5.075 4.623 4.486 4.355 4.111 3.889 3.785 3.685 3.325 7 6.230 5.786 5.206 5.033 4.868 4.564 4.288 4.160 4.039 3.605 8 7.020 6.463 5.747 5.535 5.335 4.968 4.639 4.487 4.344 3.837 9 7.786 7.108 6.247 5.995 5.759 5.328 4.946 4.772 4.607 4.031 10 8.530 7.722 6.710 6.418 6.145 5.650 5.216 5.019 4.833 4.193 12 9.954 8.863 7.536 7.160 6.814 6.194 5.660 5.420 5.197 4.439 15 11.938 10.380 8.560 8.060 7.606 6.810 6.142 5.847 5.575 4.675 16 12.561 10.838 8.851 8.313 7.824 6.974 6.265 5.954 5.669 4.730 17 13.166 11.274 9.122 8.544 8.022 7.120 6.373 6.047 5.749 4.775 18 13.754 11.690 9.372 8.755 8.201 7.250 6.467 6.128 5.818 4.812 19 14.324 12.085 9.604 8.950 8.365 7.365 6.550 6.198 5.878 4.844 20 14.877 12.462 9.818 9.129 8.514 7.470 6.623 6.259 5.929 4.870 21 15.415 12.821 10.017 9.292 8.649 7.562 6.687 6.313 5.973 4.891 25 17.413 14.094 10.675 9.823 9.077 7.843 6.873 6.464 6.097 4.948