Henrie's Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $188,400, including freight and installation. Henrie's has estimated that the new machine would increase the company's cash inflows, net of expenses, by $25,000 per year. The machine would have a 12 -year useful life and no salvage value. Compute the IRR of the project. Use the PV of annuity table below. Present Value of an Annuitypdf 8% 9% 6% 7% 10%