A new machine that costs $202,686 is expected to save annual cash operating costs of $44,000 over each of the next nine years. Using the tables that follow, the machine's internal rate of return is: \begin{tabular}{cccrcccccccc} & \multicolumn{8}{c}{ Future Value of a Series of $1} & \multicolumn{2}{c}{ Cash Flows } \\ Periods & 48 & \multicolumn{1}{c}{68} & \multicolumn{1}{c}{88} & 108 & 128 & 148 & 168 & 188 & \multicolumn{1}{c}{208} \\ \hline 1 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 \\ 2 & 2.040 & 2.060 & 2.080 & 2.100 & 2.120 & 2.140 & 2.160 & 2.180 & 2.220 \\ 3 & 3.122 & 3.184 & 3.246 & 3.310 & 3.374 & 3.440 & 3.506 & 3.572 & 3.640 \\ 4 & 4.247 & 4.375 & 4.506 & 4.641 & 4.779 & 4.921 & 5.067 & 5.215 & 5.368 \\ 5 & 5.416 & 5.637 & 5.867 & 6.105 & 6.353 & 6.610 & 6.877 & 7.154 & 7.442 \\ 6 & 6.633 & 6.975 & 7.336 & 7.716 & 8.115 & 8.536 & 8.977 & 9.442 & 9.930 \\ 7 & 7.898 & 8.394 & 8.923 & 9.487 & 10.089 & 10.730 & 11.414 & 12.142 & 12.916 \\ 8 & 9.214 & 9.898 & 10.637 & 11.436 & 12.300 & 13.233 & 14.240 & 15.327 & 16.499 \\ 9 & 10.583 & 11.491 & 12.488 & 13.580 & 14.776 & 16.085 & 17.519 & 19.086 & 20.799 \\ 10 & 12.006 & 13.181 & 14.487 & 15.938 & 17.549 & 19.337 & 21.321 & 23.521 & 25.959 \\ \hline \end{tabular} \begin{tabular}{ccccccccccc} & \multicolumn{8}{c}{ Present value of $1} \\ Periods & 48 & 68 & 88 & 108 & 128 & 148 & 168 & 188 & 208 \\ \hline 1 & 0.962 & 0.943 & 0.926 & 0.909 & 0.893 & 0.877 & 0.862 & 0.847 & 0.833 \\ 2 & 0.925 & 0.890 & 0.857 & 0.826 & 0.797 & 0.769 & 0.743 & 0.718 & 0.694 \\ 3 & 0.889 & 0.840 & 0.794 & 0.751 & 0.712 & 0.675 & 0.641 & 0.609 & 0.579 \\ 4 & 0.855 & 0.792 & 0.735 & 0.683 & 0.636 & 0.592 & 0.552 & 0.516 & 0.482 \\ 5 & 0.822 & 0.747 & 0.681 & 0.621 & 0.567 & 0.519 & 0.476 & 0.437 & 0.402 \\ 6 & 0.790 & 0.705 & 0.630 & 0.564 & 0.507 & 0.456 & 0.410 & 0.370 & 0.335 \\ 7 & 0.760 & 0.665 & 0.583 & 0.513 & 0.452 & 0.400 & 0.354 & 0.314 & 0.279 \\ 8 & 0.731 & 0.627 & 0.540 & 0.467 & 0.404 & 0.351 & 0.305 & 0.266 & 0.233 \\ 9 & 0.703 & 0.592 & 0.500 & 0.424 & 0.361 & 0.308 & 0.263 & 0.225 & 0.194 \\ 10 & 0.676 & 0.558 & 0.463 & 0.386 & 0.322 & 0.270 & 0.227 & 0.191 & 0.162 \\ \hline \end{tabular} \begin{tabular}{cccccccccc} & \multicolumn{8}{c}{ Present Value of $1} \\ Periods & 48 & 68 & 88 & 108 & 128 & 148 & 168 & 188 & 208 \\ \hline 1 & 0.962 & 0.943 & 0.926 & 0.909 & 0.893 & 0.877 & 0.862 & 0.847 & 0.833 \\ 2 & 0.925 & 0.890 & 0.857 & 0.826 & 0.797 & 0.769 & 0.743 & 0.718 & 0.694 \\ 3 & 0.889 & 0.840 & 0.794 & 0.751 & 0.712 & 0.675 & 0.641 & 0.609 & 0.579 \\ 4 & 0.855 & 0.792 & 0.735 & 0.683 & 0.636 & 0.592 & 0.552 & 0.516 & 0.482 \\ 5 & 0.822 & 0.747 & 0.681 & 0.621 & 0.567 & 0.519 & 0.476 & 0.437 & 0.402 \\ 6 & 0.790 & 0.705 & 0.630 & 0.564 & 0.507 & 0.456 & 0.410 & 0.370 & 0.335 \\ 7 & 0.760 & 0.665 & 0.583 & 0.513 & 0.452 & 0.400 & 0.354 & 0.314 & 0.279 \\ 8 & 0.731 & 0.627 & 0.540 & 0.467 & 0.404 & 0.351 & 0.305 & 0.266 & 0.233 \\ 9 & 0.703 & 0.592 & 0.500 & 0.424 & 0.361 & 0.308 & 0.263 & 0.225 & 0.194 \\ 10 & 0.676 & 0.558 & 0.463 & 0.386 & 0.322 & 0.270 & 0.227 & 0.191 & 0.162 \\ \hline \end{tabular} \begin{tabular}{ccccccccccc} & \multicolumn{8}{c}{ Present value of a Series of $1 Cash F1owa } \\ Periods & 48 & 68 & 88 & 108 & 128 & 148 & 168 & 188 & 208 \\ \hline 1 & 0.962 & 0.943 & 0.926 & 0.909 & 0.893 & 0.877 & 0.862 & 0.847 & 0.833 \\ 2 & 1.886 & 1.833 & 1.783 & 1.736 & 1.690 & 1.647 & 1.605 & 1.566 & 1.528 \\ 3 & 2.775 & 2.673 & 2.577 & 2.487 & 2.402 & 2.322 & 2.246 & 2.174 & 2.106 \\ 4 & 3.630 & 3.465 & 3.312 & 3.170 & 3.037 & 2.914 & 2.798 & 2.690 & 2.589 \\ 5 & 4.452 & 4.212 & 3.993 & 3.791 & 3.605 & 3.433 & 3.274 & 3.127 & 2.991 \\ 6 & 5.242 & 4.917 & 4.623 & 4.355 & 4.111 & 3.889 & 3.685 & 3.498 & 3.326 \\ 7 & 6.002 & 5.582 & 5.206 & 4.868 & 4.564 & 4.288 & 4.039 & 3.812 & 3.605 \\ 8 & 6.733 & 6.210 & 5.747 & 5.335 & 4.968 & 4.639 & 4.344 & 4.078 & 3.837 \\ 9 & 7.435 & 6.802 & 6.247 & 5.759 & 5.328 & 4.946 & 4.607 & 4.303 & 4.031 \\ 10 & 8.111 & 7.360 & 6.710 & 6.145 & 5.650 & 5.216 & 4.833 & 4.494 & 4.192 \\ \hline \end{tabular} Mutiple Choice approximately 12\% approximately 14%. approximately 16%. epproximately 18\%. None of the answers is correct
