Garrett Boone, Farish Enterprises vice president of operations, needs to replace an automatic lathe on the production line. The model he is considering has a sales of $285, 352 and will last for 7 years. It will have salvage value at the end of its useful life. Garrett estimates the new lathe will reduce materials scrap by $36, 800 per year. He also believes the lathe will reduce energy costs by $28, 500 per year. If the purchases the new lathe, he will be able to sell the old lathe for $5, 326. Click hear to view the factor table Calculate the lathe's internal rate of return. internal rate of return. % If Farish enterprises uses a 13%hurdle rate, should Garrett purchases the lathe