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Gypsy Weaving Inc is considering a new weaving machine. The Dura Weaver model costs $30000. Gypsy can get $1000 for trading in their old weaving

Gypsy Weaving Inc is considering a new weaving machine. The Dura Weaver model costs $30000. Gypsy can get $1000 for trading in their old weaving machine. Data for the new weaving machine is provided as: Annual revenue $8000, Annual cash operating expenses $3000, Annual depreciation expense $2500, useful life 10 years. What is the internal rate of return discount factor for the new weaving machine

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