Find the internal rate of return promised by the new machine.

Wendell's Donut Shoppe is investigating the purchase of a new $45,400 donut-making machine. The new machine would permit the company to redUse the amount of part-time help needed, at a cost savings of $5,600 per year. In addition, the new machine would allow the company to prodUse one new style of donut, resulting in the sale of 2.000 dozen more donuts each year. The company realizes a contribution margin of $2.50 per dozen donuts sold. The new machine would have a five-year useful life. (Ignore income taxes.) To determine the appropriate discount factor(s) using tables, click here to view Exhibit 14B-1 and Exhibit 14B-2. Alternatively, if you calculate the discount factor(s) using a formula, round to three (3) decimal places before using the factor in the