Bored at Home, Inc. is considering the purchase of a new machine with the following characteristics and benefits. Initial cost Salvage value Expected life Increased annual cash flow annually What is the payback period for the machine? O 5.5 years O.5.0 years O 11 years O 10 years $110,000 $10,000 10 years $20,000

Bored at Home, Inc. is considering the purchase of a new machine with the following characteristics and benefits. 5.5 years 5.0 years 11 years 10 years Bored at Home, Inc. is considering the purchase of a new machine with the following characteristics and benefits. Initial cost $110,000 Salvage value $10,000 Expected life 10 years Increased annual cash flow annually $20,000 What is the internal rate of return of the machine? Between 12%&13% Between 15\% \& 16\% 10% Between 6%&8%