Henrie's Drapery Service is investigating the purchase of a new

machine for cleaning and blocking drapes. The machine would

cost $$171,650,$ including freight and installation. Henrie's estimated

the new machine would increase the company's cash inflows, net

of expenses, by $$50,000$ per year. The machine would have a

five$-$year useful life and no salvage value.

Required:

What is the machine's internal rate of return? Note: Round

your answer to the nearest whole percentage.

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 $$44,130$ per year.

Under these conditions, what is the internal rate of

return? Note: Round your answer to the nearest

whole percentage.