Henrle'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. Henrle'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. Click here to view and to determine the approprlate discount factor(s) using table. Required: 1. What is the machine's Internal rate of return? (Round your answer to the nearest whole percentage, l.e. 0.123 should be considered as 12% ) 2 Using a discount rate of 14%, what is the machine's net present value? Interpret your results. 3. Suppose the new machine would Increase the company's annual cash Inflows, net of expenses, by only $47,610 per year. Under these conditions, what is the internal rate of return? (Round your answer to the nearest whole percentage, l.e. 0.123 should be considered as 12%.) EXHIBIT 12B-1 Present Value of $1;(1+r)n1 EXHIBIT 12B-2 Present Value of an Annuity of $1 in Arrears; 1/r(1(1/(1+r)n))