A. 5%

B. 7%

C. 15%

D 12%

Diamond Manufacturing Company provides glassware machines for major department store retailers. The company has been investigating a new piece of machinery for its production department. The old equipment has a remaining life of six years and the new equipment has a value of $110,997 with a six year life. The expected additional cash inflows are $27,000 per year. What is the internal rate of return