Henrie's 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. 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.

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 $14\%,$ 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

$$26,475$ 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 $12\%.)$