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QS 24-22 (Algo) Internal rate of return LO P4 A company is considering investing in a new machine that requires an initial investment of $50,939.

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QS 24-22 (Algo) Internal rate of return LO P4 A company is considering investing in a new machine that requires an initial investment of $50,939. The machine will generate annual net cash flows of $21,208 for the next three years. What is the internal rate of return of this machine? (PV of $1. EV of \$1. PVA of $1, and FVA of \$1) (Use appropriate factor(s) from the tables provided.)

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