Henrie$$s Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $$105,510,$ including freight and installation. Henrie$$s estimated the new machine would increase the company$$s cash inflows, net of expenses, by $$30,000$ per year. The machine would have a five$-$year useful life and no salvage value.

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using table.

Required:

What is the machine$$s internal rate of return?

Note: Round your answer to the nearest whole percentage, i$.$e$.0\mathrm{.}123$ should be considered as $12\%.$

Using a discount rate of $13\%,$ what is the machine$$s net present value? Interpret your results.

Suppose the new machine would increase the company$$s annual cash inflows, net of expenses, by only $$25,735$ per year. Under these conditions, what is the internal rate of return?

Note: Round your answer to the nearest whole percentage, i$.$e$.0\mathrm{.}123$ should be considered as $12\%.$EXHIBIT $14$B$-2$

Present Value of an Annuity of $$1$ in Arrears; $\frac{1}{r}[1-\frac{1}{(1+r{)}^n}]$

$\backslash$table$[[$eriods$,4\%,5\%,6\%,7\%,8\%,9\%,10\%,11\%,12\%,13\%,14\%,15\%,16\%,17\%,18\%,19\%,20\%,21\%,22\%,23\%,24\%,25\%$