Kendra Corporation is involved in the business of injection moulding of plastics. It is considering the purchase of a new computer- aided design and manufacturing machine for $454,100. The company believes that with this new machine it will improve productivity and increase quality, resulting in a $122,800 increase in net annual cash flows for the next five years. Management requires a 13% rate of return on all new investments. Click here to view PV table. Calculate the internal rate of return on this new machine. (Round answer to decimal places, eg. 10%. For calculation purposes, use 5 decimal places as displayed in the factor table provided, eg. 1.52124.) Internal rate of return % Should management accept the investment? The investment should not be accepted. e Textbook and Media