Intro Managerial Accounting

Acme Company is considering investing in a new machine that costs $54,878 and that has a useful life of 9 years with no salvage value. The machine will generate $11,500 annually in net cash inflows. The internal rate of return on the investment is: (Round your intermediate calculations to 3-decimals and your internal rate of return calculations to the nearest whole percent.)

A.) 13%.

B.) 9%.

C.) 11%.

D.) 15%.