Henrie's Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $163,700, including freight and installation. Henrie's has estimated that the new machine would increase the company's cash inflows, net of expenses, by $50,000 per year. The machine would have a five-year useful life and no salvage value Click here to view Exhibit 8B-1 and Exhibit 8B-2, to determine the appropriate discount factor(s) using table. Required 1. Compute the machine's internal rate of return. (Round your "IRR' answer to nearest whole percentage.) Internal Rate of Return Choose Numerator: Choose Denominator:Factor Factor Number of Years Internal Rate of Return 2, compute the machine's net present value. Use a discount rate of 16%. (Any cash outflows should be indicated by a minus sign. Round discount factor(s) to 3 decimal places.) Now 2 Purchase of machine Annual cash inflows Total cash flows Discount factor (16%) Present value Net present value