Lachman Ltd is considering replacing a machino. The cost on 1.1 .2023 wist be Z2.3m. The expected economic We of the equipment will be 4 years. The company depreclates its equipment using the stralght-line mothod. The company expects to sell this equipment for f200,000 after the ond of its useful economic life. There are expected company expects to seli this equipment for 2200,000 aher tho ond of arising from this investment of 2900.000 in each of years 1 and 2 and fe00, 000 in each of years 3 . and 4 . To the nearest 100, NPV at a discount rate of 8% is +369.100 and at a discount rate of 20%, it is 192,700. The intornal Rate of Return of this projoct is: Setect one answer: 14.0% 15.9% 11.5% 12.1%