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Henrie's Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $151,640, including freight and installation.

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Henrie's Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $151,640, including freight and installation. Henrie's has estimated that the new machine would increase the company's cash inflows, net of expenses, by $40,000 per year. The machine would have a five-year useful life and no salvage value. Required: 1. Enter the Excel formula inputs and compute the machine's internal rate of return. Value Item NPER PMT PV FV Internal Rate of Return 2.Suppose that the new machine would increase the company's annual cash inflows, net of expenses, by only $35,030 per year, instead of $40,000 per year. Enter the Excel formula inputs and compute the machine's internal rate of return. Value Item NPER PMT PV FV Internal Rate of Return

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