Henries Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $102,990, including freight and installation. Henries has estimated that the new machine would increase the companys cash inflows, net of expenses, by $30,000 per year. The machine would have a five-year useful life and no salvage value.

Required:

1.	Enter the Excel formula inputs and compute the machines internal rate of return.
	NPER: PMT: PV: FV: Internal Rate of Return:
2.	Suppose that the new machine would increase the companys annual cash inflows, net of expenses, by only $26,475 per year, instead of $30,000 per year. Enter the Excel formula inputs and compute the machines internal rate of return.
	NPER: PMT: PV: FV: Internal Rate of Return: