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Machine A costs $850,000 and would produce cash flows of $220,000 per year for the first two years, $350,000 per year for the next two

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Machine A costs $850,000 and would produce cash flows of $220,000 per year for the first two years, $350,000 per year for the next two years, and $150,000 in the final year. Machine B costs $650,000 and would produce cash flows of $250,000 per year for the first two years, $200,000 the following year, $150,000 in its fourth year, and $140,000 in its final year. Your required return is 11%. What is the IRR of buying machine A ? 15.61% 16.84% 21.82% 19.91%

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