Bridgeport Hammocks is considering the purchase of a new weaving machine to prepare fabric for its hammocks. The machine under consideration costs $75,630 and will save the company $12,000 in direct labor costs. It is expected to last 14 years. (a) Calculate the internal rate of return on the weaving machine Internal rate of return (b) If Bridgeport uses a 12% hurdle rate, should the company invest in the machine? Bridgeport Hammocks is considering the purchase of a new weaving machine to prepare fabric for its hammocks. The machine under consideration costs $75,630 and will save the company $12,000 in direct labor costs. It is expected to last 14 years. (a) Calculate the internal rate of return on the weaving machine Internal rate of return (b) If Bridgeport uses a 12% hurdle rate, should the company invest in the machine