Phoenix Products requires a new machine. Two companies have submitted bids, and you are responsible for choosing which machine to buy. Cash flow analysis indicates the following: Year Machine A Machine B 0 -$2,000 -$1,000 1 0 430 2 0 430 3 0 430 4 5,000 430 What is the IRR for each machine? What is the NPV for each machine? (assume a cost of capital of 5 percent) Calculate the MIRR for each machine. Which machine should be chosen and why?

*solve with scientific calculator