A company is planning to purchase a new machine. The purchase price of the new machine is $130000 and its annual operating Expenses is $1400. The machine has a life of 8 years, and it is expected to generate $30000 in revenues in each year of its life. What is the internal rate of return for the machine? i= 0.1461 None of choices 1=0.2050 i=0.1240 1=0.0750 i= 0.1607