Please explain how to do it$.$ thanksCurrent Attempt in Progress

Sandhill Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computer$-$aided

design and manufacturing machine for $$429,000.$ The company believes that with this new machine it will improve productivity and

increase quality, resulting in an increase in net annual cash flows of $$101,405$ for the next $6$ years. Management requires a $10\%$ rate of

return on all new investments. Click here to view the factor table.

Calculate the internal rate of return on this new machine. $($Round answer to $0$ decimal places, e$.$g$.13\%.$ For calculation purposes, use $5$

decimal places as displayed in the factor table provided.$)$

Internal rate of return

Should the investment be accepted?

The investment

be accepted.