ctor Ripe Vines Winery is considering the purchase of a state-of-the-art bottling machine. The new machine will cost $20,790 and will have a useful life of 4 years. The new machine will provide net cash savings of $6,000 per year. What is the internal rate of return (IRR) for the new bottling machine? Present Value of $1 Periods 3 4 5 6 7 8 9 10 A. 14% OB. 8% OC. 6% O D. 10% 6% 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 8% 0.794 0.735 0.681 0.630 0.583 0.540 0.500 0.463 10% 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 12% 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 14% 0.675 0.592 0.519 0.456 0.400 0.351 0.308 0.270 Clear all Check answer

Ripe Vines Wirery is consibecing the purchase of a state - of - the - art botling machine. The new machine will cost $20,790 and will have a usefue life of 4 years. The new machine will provide net cash savings of $8,000 per year. What is the internal tale of return (IRR) for the new botiling machine? A. 14% B. 8% c. 6% o. 10%