A company is considering investing in a new machine that requires an initial investment of $62,949. The machine will generate annual net cash flows of $24,868 for the next three years. What is the internal rate of return of this machine? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Initial investment 1 1 Annual Net Cash Flow = Present Value Factor 62,949 Find this factor on the appropriate table to estimate the Internal Rate of Return Periods (p) = 3 Internal Rate of Return % 24,868 = 2.5313