eBook A machine that costs $9,350 is expected to operate for 11 years. The estimated salvage value at the end of 11 years is $0. The machine is expected to save the company $1,734 per year before taxes and depreciation. The company depreciates its assets on a straight-line basis and has a marginal tax rate of 40 percent. What is the exact internal rate of return on this investment? Use the calculator and Table IV to answer the question. Round your answer to two decimal places. % Present Value of an Annuity Interest Factor (PVIFA) ($1 per period at P per period for a periods); 1 PVIFA- PVAN, PMT (PVIFA.L.) Period n 1 SKDRDS22988 234567 16 17 18 7 8 9 13.004 13.865 14.718 15.562 16.398 17.226 18.046 21.243 25 22.023 30 25.808 40 32.835 50 39.196 60 44.955 Period, n 14% 1 0.877 1.647 2.322 2.914 3.433 3.889 2 6 7 4.288 19 20 10 9.471 8.983 8.530 11 10.368 9.787 9.253 12 11.255 10575 9.954 13 12.134 14 15 24 WN 456 3 898 14 15 16 17 882028THET 18 19 24 25 30 40 50 2% 3% 0.980 0.971 0.990 1.970 1.942 1913 2.941 2.884 2.829 1 3.902 4.853 5.795 6.728 7.652 8.566 4.639 4.487 11 12 4.946 4.772 10 5,216 5.019 5.453 5.660 5421 5.197 5.842 5.583 5.342 6.002 5.724 5.468 6.142 5.847 5.575 5.954 5.669 13 6.047 6.265 6.373 6.467 6.550 6.623 6.835 4% 5% 0.962 0.952 1.886 1.859 2.775 2.723 3.630 4452 4.329 3.546 5.242 5.076 6.002 5.786 7.139 8.863 8.384 7.943 6.733 7435 8.111 8.760 9.385 11.348 10.635 7.536 9.986 9.394 8.853 8.358 7.904 12.106 11.296 10.563 9.899 9.295 8.745 8.244 12.849 11.938 11.118 10.380 9.712 9.108 8.559 13.578 12.561 11.652 10.838 10.106 12.166 11.274 10.477 10.828 10.059 9.372 19.447 8.851 14.292 13.166 9.763 9.122 14.992 13.754 12.659 11.690 15.678 14.324 9.604 16.351 14.877 13590 12.462 13.134 12.085 11.158 10.336 11.470 10.594 18.914 16.936 15247 13.799 12.550 11.469 19.523 17413 15.622 14.094 12.783 11.654 22.397 19.600 17.292 15.373 13.765 12.409 27.355 23.115 19.793 17.159 15.046 13.332 31.424 25.730 21.482 18.256 15.762 13.801 34.761 27.676 22.623 18.929 16.161 14.039 15% 16% 0.870 0.862 1.626 1.605 2.283 2.246 2.855 2.798 3.352 3.274 3.784 3.685 4.160 4.039 19% 17% 18% 0.855 0.847 0.840 2.404 2.241 2.096 2532 2.345 2.589 3.058 2.991 3.326 3.605 3.242 2.745 3.020 3.498 3.410 3.812 3.706 1.585 1.566 1.547 2.210 2.174 2.140 2.106 2.743 2.690 2.639 3.199 3.127 3.589 3.922 4.344 4.207 4.078 3.954 3.837 3.421 4.607 4.451 4.303 4.163 4.031 3.566 4.833 4.659 4.494 4.339 4.193 3.682 5.234 5.029 4.836 4.656 4.486 4.327 3.776 4.988 4.793 4611 4.439 3.851 2.708 5.118 4.910 4.715 4.533 3.912 3.427 3.040 2.727 5.229 5.008 4.802 4.611 5.324 5.092 4876 4.675 5.405 5.162 4.938 5.749 5.475 5.222 4.990 3.269 2.930 3.335 2.978 3.387 3.013 3.459 3.061 2.740 3.962 4.001 3.483 3.076 2.750 4.730 4.033 3.503 2.758 4.775 3518 4.059 2.763 2.767 6.128 5.818 5.534 5.273 5.877 5.584 5.316 5.033 5.070 6.259 5.929 5.628 5.353 5.101 2770 6.198 6.434 6.073 5.746 5.451 5.182 6.097 6464 5.766 5.195 5.467 6.566 6.177 5.829 6.642 6.233 5.871 6.661 6.246 5.880 coor cam 5891 6.873 7.003 7.105 7.133 3.808 3.717 4.713 4580 5.601 5417 6.472 6230 7.325 7.020 8.162 7.786 0.943 1.833 2.673 2624 3.465 4.212 4.917 4.766 5.582 5.389 6.463 6.210 5.971 7.108 6.802 6.515 7.722 7.360 8.306 7.887 5.517 5.548 8% 0.935 0.926 1.808 5.554 5555 3.387 3.312 4.100 3.993 1.783 2.577 5.235 5.258 5.747 6.247 7.024 6710 7.499 5.262 5363 4.623 5.206 20% 0.833 1.528 4.812 4.844 4.870 4.937 4.948 4.979 4.997 9% 0917 1.759 2531 4.999 5000 3.240 3.890 4.486 5.033 5.535 5.995 6.418 6.805 6.495 7.161 6.814 7.487 7.103 7.786 7367 8.061 7.606 8.312 7.824 8.544 10% 0.909 1.736 2487 3.170 3.791 4.355 4.868 5.335 5.759 6.145 24% 0.806 1.457 1.981 4.080 4.097 4.110 4.143 4.147 4.160 4.166 4.167 4.167 11% 12% 0.901 0.893 1.713 1.690 2444 2402 9.128 8.514 9.707 8.985 9.818 10.529 10,675 9.823 9.077 8.422 11.258 10.274 9.427 8.694 11.925 10.757 9.779 9.915 12.233 10.962 12377 11.048 9.967 3.102 3.696 7379 8.022 7.549 8.756 8.201 8.950 8.365 1.392 1.868 4231 4.111 4712 4564 5.146 4.968 5537 5328 5.889 5.650 5.938 6.207 6.492 6.194 6.750 6.424 6.982 6.628 7.191 6.811 6.974 7.120 7.702 7.839 7.963 7.469 8.348 7.784 7.843 8.055 9.042 9.074 28% 32% 0.781 0.758 1.332 1.766 3.037 3.605 8.951 8.244 8.304 8.324 2.759 2.534 2.937 2.678 3.076 2.786 3.184 2.868 3.088 3.097 3.104 3.529 3539 3.109 3.546 3.113 3.562 3.121 3.564 3.122 3.569 3.124 3571 3.125 3.125 7250 7.366 3.571 3.571 3.125 36% 0735 1276 1674 1.966 2181 2.399 2.455 2540 2.603 13% 0.885 1668 2361 2974 3.517 3.998 4423 2772 2776 2776 4799 5.132 5.426 5687 5.918 6.122 6:302 6.462 6.604 6.729 6.840 6.938 7.025 7.283 7.330 7.496 7.634 7.675 7.687 40% 0.714 1224 1589 1.849 2035 2.168 2263 2.331 2.379 2.650 2414 2.683 2438 2456 2.469 2478 2484 2489 2.492 2494 2496 2.497 2499 2.499 2.500 2778 2778 2.500 2.778 2.500 2778 2.500