Henrie's Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost

$$113,730,$ 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 $12$B$-1$ and Exhibit $12$B$-2,$ to determine the appropriate discount factor$($s$)$ using table. $($Use the tables to get

your discount factors. The linked tables are the same tables as the ones in your course packet. If you calculate discount factors

using Excel or a financial calculator, your answer may be different enough due to rounding that the system marks it wrong.$)$

Required:

What is the machine's internal rate of return? $($Round your answer to the nearest whole percentage, i$.$e$.0\mathrm{.}123$ should be

considered as $12\%.$

Using a discount rate of $10\%,$ 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 $$27,000$ per year. Under

these conditions, what is the internal rate of return? $($Round your answer to the nearest whole percentage, i$.$e$.0\mathrm{.}123$ should be

considered as $12\%.)$