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 has estimated that 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 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 Denominator: Factor Choose Numerator: 1 Number of Years Internal Rate of Return 1 Factor 1 % 2. Compute the machine's net present value. Use a discount rate of 14%. Net present value 3. Suppose that the new machine would increase the company's annual cash inflows, net of expenses, by only $24,450 per year. Under these conditions, compute the internal rate of return. (Round your 'IRR' answer to nearest whole percentage.) Internal Rate of Return Choose Numerator: 1 Choose Denominator: Factor Number of Years Internal Rate of Return Factor 1 = %