Cullumber's Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $262,000. A new salon will normally generate annual revenues of $59,710, with annual expenses (including depreciation) of $40,900. At the end of 15 years, the salon will have a salvage value of $80,000. Calculate the annual rate of return on the project. Annual rate of return % 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 $432,000. 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 $114,150 for the next 6 years. Management requires a 10% rate of return on all new investments. Click here to view PV table. Calculate the internal rate of return on this new machine. (Round answer to 0 decimal places, e.g. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Internal rate of return Should the investment be accepted? The investment be accepted. %