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Henrie's Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $137,320, including freight and installation.

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Henrie's Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $137,320, including freight and installation. Henrie's has estimated that the new machine would increase the company's cash inflows, net of expenses by $40,000 per year The machine would have a ear useful life and no salvage value. Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using Required: 1. Compute the machine's internal rate of return to the nearest whole percent Internal Rate of Return Choose Numerator: Choose Denominator: Factor Number of Years Internal Rate of Return Factor

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