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Blossom Corporation is involved in the business of injection molding of plastics, it is considering the purchase of a new computer-aided design and manufacturing machine

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Blossom Corporation is involved in the business of injection molding of plastics, it is considering the purchase of a new computer-aided design and manufacturing machine for $420,000. The company believes that with this new machine it will improve productivity and increase quality, resulting in an increase in net annual cash flows of $102,155 for the next 6 years. Management requires a 10% rate of return on all new investments. Click here to view the factor table. Calculate the internal rate of return on this nev pnachine. (Round answer to 0 decimal places, es. 13\%. For calculation purposes, use 5 decimal ploces as displayed in the foctor table provideds) Intemal rate of return Should the imvestment be accepted? The irwestment be accepted

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